LEARNING OUTCOMES
• Identify and categorise products into distinct lifecycle stages.
• Understand key stages in the product development process.
• Link market analysis insights to strategic planning.
• Utilise various research methods for market analysis.
AIM OF ACTIVITY
• Develop a comprehensive understanding of the different stages in the product life cycle.
• Develop a foundational understanding of the product development process.
• Recognize the key stages and elements involved in bringing a product from concept to market.
• Develop a solid understanding of the importance of market analysis and how to conduct it.