No | Title | Brief |
1 |
Concept Screening |
Evaluating new product ideas to determine if they merit further development.
|
2 |
Concept Testing |
Presenting new product ideas to customers for feedback before further development.
|
3 |
Customer Visit Program |
A qualitative research method where product managers visit customers to collect market information.
|
4 |
Focus Group |
A semi-structured interview with a small group of customers for qualitative research purposes.
|
5 |
Perceptual Map |
A visual representation of how customers position a product versus its competitors.
|
6 |
Price Sensitivity |
The degree to which a target market is influenced by price in purchasing decisions.
|
7 |
Frame of Reference |
The set of products a customer considers when making a purchase decision in a given product category.
|
8 |
User Story |
A tool used in Agile to capture a description of a software feature from an end-user perspective.
|
9 |
Customer Empathy |
The ability to understand the emotions, experiences, and needs of the customer.
|
10 |
Competitive Analysis |
The process of identifying your competitors and evaluating their strategies to determine their strengths and weaknesses relative to yours.
|