Asked by Tommie Pennington on Jun 25, 2024
Verified
The commercialization stage is also known as the product launch.
Commercialization Stage
The phase in product development when the product is introduced to the market, and marketing and production are scaled up.
Product Launch
The process of introducing a new product to the market, involving development, testing, marketing, and distribution strategies.
- Comprehend the approaches utilized throughout distinct stages of the product life cycle, including methods for pricing and promotion.
Verified Answer
ER
Eddie Ray RoncoJun 30, 2024
Final Answer :
True
Explanation :
The commercialization stage in product development is indeed also known as the product launch, marking the point where the product is introduced to the market.
Learning Objectives
- Comprehend the approaches utilized throughout distinct stages of the product life cycle, including methods for pricing and promotion.
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