Commercialization

Posted in Marketing and Strategy Terms, Total Reads: 856
Advertisements

Definition: Commercialization

Commercialization is the process of introducing a new product in the market. Whenever, a new product is developed, a company has to decide the right time and place to launch this product.

This final stage of launching/introducing the product is commercialization. It involves extensive promotion and advertising.

 



Looking for Similar Definitions & Concepts, Search Business Concepts