Question

what is the objective of product market fit

what is the objective of product market fit

Business   Operations-Management   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

The product-market fit can be explained as the scenario in which the target customer of an organization are making a purchase, using the product, and a word of mouth communication is being spread out in the market means telling others about the company's product in numbers that are large enough to sustain that products growth and profitability.

The objective of this product market fil is to create only what is required to create adequate value for the target customer in order to make sure that the product is headed in the right direction or in simple words we can say the product-market fit objective is to be in a good market with a product that can satisfy that market. Product market fit is said as the point at which there is broad market acceptance for a new application.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
7. a) Describe the overall objective of product-market fit. (8 marks) b) As a startup consultant...
7. a) Describe the overall objective of product-market fit. b) As a startup consultant you are hired to develop a customer development strategy for a startup that sells customised speed boats. Describe each step and explain what your advice to the startup would be.
Define what Goodness of Fit is, briefly discuss the objective of testing for Goodness of Fit...
Define what Goodness of Fit is, briefly discuss the objective of testing for Goodness of Fit in a minimum of a paragraph
FIT manufactures wearable fitness devices. FIT devices include special features to be distinct from its competitors...
FIT manufactures wearable fitness devices. FIT devices include special features to be distinct from its competitors with several special features including comfortable attachments, a heart rate monitor and clear displays. FIT is generally regarded as providing superior fitness devices. Provide the Balanced Scorecard “Perspective” and a “Measure” that aligns with FIT’s strategy. The Objective is given, provide the corresponsding BSC Perspective and a Measure that aligns with the Perspective and Objective. Perspective Objective Measure _______________________ Increase Customer Satisfaction _______________________
A product that has low market share in a growing market - what would this product...
A product that has low market share in a growing market - what would this product be classified under (based on the Boston Consulting Group matrix)?
Baker Company has established a profit objective of $364,000 before income tax. Its product sells for...
Baker Company has established a profit objective of $364,000 before income tax. Its product sells for $60 per unit. The variable cost to produce and sell the product is $48 per unit. The fixed cost of this operation is $428,000. The number of units of product that must be sold to achieve the profit objective is: ___________________
Objective quality refers to the quality of a product based on consumer perceptions. Select one: True...
Objective quality refers to the quality of a product based on consumer perceptions. Select one: True False The efforts by companies to improve the objective quality of their products are limited by consumer perceptions of quality. Select one: True False
In what market structure is Fabricated Metal product manufacturing in? In what market structure is electronics...
In what market structure is Fabricated Metal product manufacturing in? In what market structure is electronics and appliance store in? Which one has the higher amount competition and higher market power? Price elasticity demand? Is it elastic? Inelastic?
What elements of the Aalsmeer flower auction are there that do not fit the model of...
What elements of the Aalsmeer flower auction are there that do not fit the model of perfect competition? What other market besides agriculture, are there that is close to a perfect competition?
if objective is to find an unbiased estimator of class size effect, why you shouldn't look...
if objective is to find an unbiased estimator of class size effect, why you shouldn't look at measures of fit?
The managerial process of creating and maintaining a fit between the organization's resources and evolving market...
The managerial process of creating and maintaining a fit between the organization's resources and evolving market opportunities is best described by the term: Marketing Brand positioning Strategic planning Competitive advantage Chris decides to purchase a new Dell laptop. He finds that he has several options in the Phoenix area to choose from but not all stores that sell laptops sell the Dell brand of laptops. For Chris, this laptop is a: Shopping product Convenience product Component product Specialty product Sometimes,...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT