Commercialization Definition and Explanation PDF Download
Learn Commercialization definition in marketing with explanation to study “What is Commercialization”. Study commercialization explanation with marketing terms to review marketing course for online MBA programs.
Commercialization Definition:
Introducing a new product into the market.
Principles of Marketing by Philip T. Kotler, Gary Armstrong
Commercialization Explanation:
Commercialization is explained that it is a process of announcing a new product or services in the market. It could be achieved by different methods. There are certain steps which can help an organization to access market these includes; research, disclosure, licensing, integration and collaboration, testing and validation, product development, and, manufacture or deployment.
Keep Learning Marketing Explanations
What is New-Product Development?
New item advancement is the way toward carrying another item to the commercial center. Your business may need to take ...
What is Sales 2.0?
Sales are exercises identified with selling or the quantity of merchandise or administrations sold in a given time span. The ...
What is Marketing Network?
A promoting opportunity is a deals acknowledged lead that has been qualified as needing your item or administration. A business ...
What are Online Focus Groups?
The most recent curve on center gatherings is the transition to an online organization. Utilizing visit and Web conferencing innovation, ...
What is Forecasting?
It is a procedure that utilization verifiable information as contributions to make educated assessments that are prescient in deciding the ...
What are Wants?
Request is the monetary rule that depicts a shopper's craving, readiness and capacity to pay a cost for a particular ...