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    Legal and Ethical Implications in New Product Development

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    Can you tell me in your own words what Legal and Ethical Implications in New Product Development means to you? Also, in your own words, what do Challenges in New Product Launches mean to you?

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    Legal and ethical implications are those things that affect new product development from government regulations, legal challenges, and how it will impact the company, the customer, and the external environment. How the product is made, where the resources are acquired from, and the methods of getting those resources are considered ethical and legal. Deciding on the best uses and targeting audiences without discrimination are a couple of ethical and legal ideas that have implications that could be detrimental for the company. Not supplying product warnings, acquiring illegal resources or poor quality resources ...

    Solution Summary

    The expert examines the legal and ethical implications in the new product development.