
Product Development and Approval
Product Development and Approval in regulatory compliance involves creating a new product and ensuring it meets safety and quality standards set by regulatory authorities. This process includes research, design, testing, and documentation to confirm that the product is safe for public use. Before it can be sold, the product must receive approval from relevant regulatory bodies, which review all submitted data to ensure compliance with laws and regulations. Effective risk management throughout this process minimizes the chance of recalls or legal issues, ensuring the product is both innovative and safe for consumers.