Who Can Benefit from Product Formulation Development Process Steps?
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The product formulation development process involves various steps to create new products or improve existing ones. This process helps companies launch successful products in the market. Understanding how individuals and businesses can take advantage of this process is important. Individual Inventors and Startups Individual inventors and startup founders who have a new product idea can hugely benefit from going through the product formulation development process steps . This is because developing the right formulation helps test demand for their idea, understand manufacturing feasibility, and estimate costs before investing heavily. It reduces risks for early stage entrepreneurs with limited resources to first develop formulations in a lab before large-scale production. Established Small and Medium Businesses Established small and medium scale businesses looking to expand their existing product line or enter new categories can also leverage product formulation Development. The process...