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Answer:
Understanding of the market, customers, innovation/technology and new concepts to implement. Figure out the right target audience that is ideally underserved(for first time product especially). Product development process and optimize the product till they want to buy one in the focus test(and they like the price).When you validate the target audience is there and its big, and the focus test group is that same target audience and they love it compared to competitors is when you have some validation to go forward with it. That is what is necessary. Research. Product development. Prototyping. Product Launch
Explanation:
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