 |  Basic Marketing: A Global Managerial Approach, 10/e Stanley J. Shapiro Kenneth B. Wong,
Queens School of Business William D. Perreault,
University of North Carolina E. Jerome McCarthy,
Michigan State University
Product Management and New-Product Development
Chapter ObjectivesWhen you finish this chapter, you should:
| Understand how product life cycles affect strategic planning. |
 |  |  | | Know what is involved in designing new products and what "new products" really are. |
 |  |  | | Understand the new-product development process. |
 |  |  | | See why product liability must be considered in screening new products. |
 |  |  | | Understand the need for product, brand, or category managers. |
 |  |  | | Understand the important new terms (shown in the margins). |
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