Explain the basic idea of how to develop a new product, Chemistry

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How To Develop A New Product 

  • Product development is an innovative activity designed to meet the identified needs in the market.  
  • Consumer perception and preference have to be studied while formulating a new product. 
  • Product development comprises formulation, standardization of processing method and evaluation and testing of final product. 
  • The simplest methodology in product development is the trial and error method. 
  • Statistical methods of product development are Factorial experiment and mixture experiment. 

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