What is Product Development? Product development is defined as the design and engineering of products that are serviceable for the target consumer, marketable, manufacturable, and profitable. If we express in broad sense then we can said, product development is the process of setting up the goals for the season, conceptualizing, producing, carrying out market and trend research, introducing and delivering new products and services to consumers (new product development), or improving on the old, developing product styles using the technical design process, making samples of the products to finalize product styles with standards, selling the product line, and sourcing and manufacturing the line. This process is also involved in functions such as material requirement planning, inventory control, production planning and scheduling, quality control, logistics, and finance. Product development also provides fresh user experience, address...