Answer:
Product development
Explanation:
Product development includes a product's entire journey, from Identifying a market need to conceptualizing and designing the product.
Creating a new software, designing a new tool or machine, designing and bringing new smartphones or gaming consoles to the market, designing and producing a new type of shoe, all are examples of product development.
There are five phases of product development : idea generation, screening, concept development, product development and commercialization.
