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Learning Objectives
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After reading this chapter you should be able to:

Recognize the various terms that pertain to products and services.

Identify the ways in which consumer and business goods and services can be classified.

Explain the implications of alternative ways of viewing "newness" in new products and services.

Describe the factors contributing to a product's or services' failure.

Explain the purposes of each step of the new-product process.







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