Answer:
New product development objectives for a new product would include:
* Schedule of release
* Safety and testing guidelines
* List of features
* Features for future release
* Upgrade path
* Financial and Budgetary objectives
New product development objectives for an existing product would include:
* Making the product better or safer
* Making the product cheaper for the end-user
* Making the product easier to sell
* Upgrading the product to be state-of the-art
* Adding more features to the product