Update should include
- analyzing sales (i.e., comparing actual to projected)
- analyzing competitors' products/services
- researching new products in the market
- developing product/service evaluation survey for customers
- improving product/service based on customer feedback.
Process/Skill Questions:
- What are some examples of changes businesses make to products?
- What are possible effects of changing a product?
- What are some factors businesses consider before adding new products?
- How do product planning and development benefit the consumer?
- How do consumers' needs and wants lead to new and improved products?
- How do environmental issues and green marketing influence product planning?
- How does a business determine whether a product or service meets the requirements of a particular market and yields enough profit to justify its continued existence?