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What is idea development?
Idea development is the process of generating, refining, and evaluating new business concepts.
What is market research?
Market research is the systematic gathering, recording, and analysis of data about customers, competitors, and the market.
Why is market research important?
Market research helps businesses understand customer needs, identify market trends, and minimize risks.
What is a SWOT analysis?
SWOT analysis is a strategic planning tool that identifies Strengths, Weaknesses, Opportunities, and Threats of a business.
What is a target market?
A target market refers to a specific group of consumers identified as the intended audience for a product or service.
What is a prototype?
A prototype is a test model of a new products
How does competitor analysis aid idea development?
Competitor analysis helps identify market gaps, trends, and potential areas for differentiation.
what is a closed question
closed question is for a yes or no answer or specific piece of information
what is a open question
Open question allow the person being interviewed or surveyed to give their oen opinion
What are the steps in developing a new product or service
step 1: generating an idea
step 2: selecting the most promising idea
step 3: developing the idea
step 4: conducting a feasibility study
step 5:making a prototype
step 6: test marketing
step 7: LAUNCHING
what does innovation
Is the process of introducing new ideas or ways doing things
for a new products what are types of target market you could sell to
Their age
Their gender
Where they live
How much they earn
Their interest or hobbies
what is a desk research
is a secondary source,involves looking at information that is already available from other sources
what is field research
is a primary research,involves collecting new information directly from target market
Note 
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