Help with business question

Sociology
Tutor: None Selected Time limit: 1 Day

you could elaborate on why it's important to understand these phases when launching a new product?  What makes this knowledge particularly important to an entrepreneur?

Jun 13th, 2015

Thank you for the opportunity to help you with your question!

before launching any any new product, it will be necessary to understand the phases since, it helps familiarise with the targeted customers, helps you set the premises in a strategic position and also helps you avoid unnecessary losses since it will direct you into doing the research that is required before you launch.

Please let me know if you need any clarification. I'm always happy to answer your questions.
Jun 13th, 2015

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