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Hitachi Review Vol. 58 (2009), No. 6251PioneeringProduct and Market Development of Large Electrically Driven Hydraulic Excavators Enjoying Strong Demand in Emerging Economies Hiroshi Yamamoto KOI
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Product and market development is the process of creating new products or improving existing ones, and expanding into new markets to increase sales and revenue.
Companies or businesses looking to grow and expand their offerings typically file product and market development plans.
Product and market development plans are typically filled out by conducting market research, identifying opportunities for growth, setting goals, and outlining strategies to achieve those goals.
The purpose of product and market development is to increase revenue and market share by introducing new products, entering new markets, and expanding customer base.
Product and market development reports typically include market analysis, product roadmap, marketing strategies, sales projections, and budget plans.
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