1. ‘ Product development is a process focused on developing systematic methods for guiding all the steps involved in and associated with getting a new product to market’. Explain the salient aspects...

1. ‘ Product development is a process focused on developing systematic methods for guiding all the steps involved in and associated with getting a new product to market’. Explain the salient aspects that need to be taken care of at the product development stage.

2. What is the difference between the waterfall model and the agile model for product development particularly with reference to Web-based ventures.