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<a accesskey="3" href="page.php?w=new_product_development&amp;p=2">3.Next</a>
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<p>In <a href="page.php?w=business">business</a> and <a href="page.php?w=engineering">engineering</a>, <b>new product development</b> (<b>NPD</b>) or simply <b>product development</b> is the complete process of bringing a new <a href="page.php?w=product_%28business%29">product</a> to <a href="page.php?w=market_economy">market</a>. Product development also includes the renewal of an existing product and the introduction of an existing product into a new market. New product development is the realization of a <a href="page.php?w=market_opportunity">market opportunity</a></p><p>
<a accesskey="3" href="page.php?w=new_product_development&amp;p=2">3.Next</a>
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