Yesterday we learnt about the IMPORTANT 4p's Let's learn about the "PRODUCT" in detail 1.Product can be physical or a service (Tangible or intangible) 2.Product is the most important element of business...Product decides success or failure of the business on a large scale 3.Product can be designed after a problem triggers you or your product can be a development in the existing products present in the market. Now let's understand how a new product (innovation or development) can be made. New product can be designed after you face a particular problem and you try to solve that problem for other people as well or you can provide a service which you feel is lacking in the market or daily life.DESIGNING A PROUCT IS A PROCESS. You can design a product by identifying a problem in day to day life & find a solution for it.You can find innovative solutions to solve the inefficiencies of the customers in the market We would learn about product life cycle tomorrow Do follow me !!! Do you want
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