Introducing a new product into the market is called ________.
A) test marketing
B) simulation
C) co-marketing
D) commercialization
E) segmentation

Question

Quizplus · Accepted Answer

Commercialization is the process of introducing a new product into the market. Test marketing is a type of market research done to test the product's viability, co-marketing is a marketing strategy where two or more companies collaborate on a promotional campaign, segmentation is the process of dividing the market into smaller groups, and simulation is a method of replicating a real-life situation for experimental or education purposes.

Introducing a New Product into the Market Is Called ________