Introducing a new product into the market is called .
A)commercialization
B)marketing development
C)new product development
D)experimenting
E)test marketing

Question

Quizplus · Accepted Answer

Commercialization is the process of introducing a new product into the market. It includes activities like launching, promoting, distributing, and selling the product to the target audience. Marketing development is a broader process that covers all the stages of creating a marketing strategy for a product, including market research, product design, pricing, promotion, and distribution. New product development refers to the entire process of creating a new product, from idea generation to market launch. Experimenting and test marketing are components of the new product development process, but they are not the same as commercialization.

Introducing a New Product into the Market Is Called