Browse Glossary on terms starting with P

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1 Perceptual Map

A visual representation of how customers position a product versus its competitors.

2 Persona

A semi-fictional representation of your ideal customer based on market research and real data about your existing customers.

3 Persona Development

The process of creating detailed personas to represent different segments of a target audience.

4 Pivot

A significant shift in a product strategy, often in response to market feedback or performance.

5 Positioning Statement

A statement on how a product should be perceived relative to competitors.

6 Price Point Pricing

Setting a price based on certain price points that are believed to be appealing to consumers.

7 Price Sensitivity

The degree to which a target market is influenced by price in purchasing decisions.

8 Product Adoption

The process by which users start using a product after it has been launched.

9 Product Adoption Curve

A model that describes the stages of adoption that customers go through when they start using a new product.

10 Product Backlog

An ordered list of everything that is known to be needed in the product, managed by the Product Owner.

11 Product Differentiation

The unique attributes or benefits that set a product apart from competitors.

12 Product Evangelism

The practice of promoting a product to the public and within the company.

13 Product Fact Book

A compilation of all information a company has on a product, its customers, and competitors.

14 Product Iteration

The process of making successive improvements or refinements to a product.

15 Product Launch

The introduction of a new product to the market.

16 Product Life Cycle

The stages a product goes through from introduction to decline.

17 Product Lifecycle

The stages a product goes through from when it was first thought of until it is removed from the market.

18 Product Lifecycle Management (PLM)

The process of managing the entire lifecycle of a product from inception to retirement.

19 Product Market Expansion Grid

A tool used to explore new product opportunities by assessing current products and markets.

20 Product-Market Fit

The degree to which a product satisfies strong market demand.

21 Product Metrics

Quantitative measures used to track and assess the success of a product.

22 Product Portfolio Management

The centralized management of processes, methods, and technologies used by product managers to develop and manage products.

23 Product Qualified Lead (PQL)

A lead that has been qualified based on product usage, indicating a high likelihood of conversion.

24 Product Requirements Document (PRD)

A document that outlines the features, functionality, and requirements of a product.

25 Product Roadmap

A high-level, visual summary that maps out the vision and direction of your product offering over time.

26 Product Strategy Canvas

A strategic tool used to map out the key elements of a product strategy.

27 Product Vision

A long-term, strategic view of where a product is going, defining the purpose and the ideal state of the product.

28 Product/Market Fit

The degree to which a product satisfies a strong market demand, ensuring its viability.

29 Prototype

A preliminary version of a new product used for research purposes.

30 Prototyping

An early sample or model of a product used to test a concept or process.

31 Pulsing

Grouping marketing communications within a specific period to maximize impact.

Rohit Katiyar

Build a Great Product


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