Definition - What does Product Introduction mean?
The product introduction process is executed mainly by the sales and marketing division of an organization, and is applied when a product is completely authorized and tested to be used by its end users or customers. In the tech world, the introduction of a new product can generate a lot of buzz, especially if the product is cutting edge. Marketers often bank on generating this kind of consumer response to help sell their product.
Product introduction may also be called a product launch.
Techopedia explains Product Introduction
For example, a software development company may introduce a new product through a beta version before launching the complete solution. This allows the company to gain valuable user feedback, and to fix bugs and errors before the complete launch.
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