View source for How Product Based Companies Works

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Product based companies are those which create product in advance customer approaches to them. They have their own product and they approach clients to sell those products.

==Research and Development==
* Product based companies invest more on research and development.
* These companies research before creating any new product.

== Innovation ==
* While creating new product they innovate something different than existing product in that domain.
* Innovation can come in design, development, raw material or anything which can make product unique. 

== Product Development ==
* After researching and innovation they create one sample product and test it internally for accuracy.
* If tests are successful then they go for building more products and will be available for public trials.

== Product Marketing ==
* Prepared product then ready to sell and marketing team reach out to clients with all the details about product and demonstrate them.
* If clients like the product they order that product and pays for that.
 
== Products Feedback and Improvements ==
* Products can be improve in some of it's parts as per the feedback of clients.
* Some companies are there who manufacture products as per the clients requirements.

[[Category:Business]]