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Impact of the Concept & Design on Product's Overall Cost

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What impact does the concept and design stage have on the product's overall cost? Explain.

I need an essay answering that question with a 300 words, no more than that please
GOOD grammar and good choice of words is very important .

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This solution discusses the impact of the concept and design stage on the product's overall cost. It includes examples.

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The concept and design stage have an enormous impact on a product's overall cost.

It is important in the initial visualization of the product to determine the type of product to be marketed based on the target-marketing group. If the product is to be marketed as a high-end product much more money can be spent on the concept and design stage. The design stage in particular can be costly, causing the ...

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