An A/B test is essentially an experiment for developing, launching, and comparing two versions of the same product.
In pursuit of Product Excellence
This Article Covers :- What Is Customer Retention? Why Is Customer Retention Important? What Factors Affect Customer Retention? How To Calculate Customer Retention Rate? What Are the Strategies To Improve Customer Retention? Definition of Customer Retention In marketing, customer retention motivates existing consumers to buy more products or services from your company or stay with… Continue reading Customer Retention: Surefire Strategies To Retain Customers
Cash flow refers to the movement of cash in and out of a business or a company in a given period of time. Estimating cash flow enables you to identify areas that will benefit from lower budgeting and look for areas or opportunities where you can use your saved-up resources.It allows you to spend wisely.
DACI is an acronym for driver, accountable, contributor or consulted, and informed, these are the specialized roles assigned to project team members. DACI is a decision-making framework helpful for team projects, in terms of speeding up the pace of the project and eases complex group decision-making processes by the smart distribution of roles and responsibilities among the team members.
Five whys is an interrogative technique developed by Sakichi Toyoda. It is used to identify the root cause of any problem. As the name suggests, it investigates the cause and effect relationship underlying any given problem. It consists of five why-questions to find a solution and resolve the issue.
A Product Brief is a set of guidelines and information on the product provided to all the teams working on product development for proper alignment, coordination among the teams, and to ensure that the process is on the right track, following the right plan as envisioned by the stakeholders and executives.
This Article Covers:- What is Product Cost? How to calculate product cost? What are product costs examples? How much should my product cost? How to optimize Product Cost? Product Cost Definition: A product cost is an expense capitalized as inventory when it gets incurred to manufacture a product. In other words, these costs are required… Continue reading What is Product Cost & How to Calculate it? (With Examples)
This Article Covers :- Product Orientation Definition Product orientation is a marketing management concept that emphasizes the promotion of high-quality items to increase sales. The corporation considers product quality to be a determinant of market demand. A product-oriented corporation focuses on creating high-quality articles and pricing them appropriately so that customers can recognize and acquire… Continue reading What Is Product Orientation?
The distinguishing factor that attracts the customers and makes the product or service stand out from the competitors is called the Unique Selling Proposition or USP. It is a unique point associated with the product like a differentiating feature, capability, cost, or some other customer-centric aspect that accounts for its selling potential.