What do you know about product development

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Accepted Answer

Product development involves the creation and improvement of products to meet customer needs and market demands.

Product development is a process that involves research, design, testing, and launch of new products or improvements to existing ones.
It requires a deep understanding of customer needs, market trends, and competition.
Product development teams often use tools such as market research, focus groups, and prototyping to gather feedback and refine their products.
Successful product development requires collaboration between different departments such as marketing, engineering, and design.
Examples of successful product development include the iPhone, Tesla electric cars, and Airbnb's online platform.

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