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Questions and Answers
Which of the following is NOT a step in conducting research to flesh out a product idea?
Which of the following is NOT a step in conducting research to flesh out a product idea?
- Developing a final definition for your product (correct)
- Competitor analysis to understand if customers think there are things your competitors' products or services lack
- Getting early feedback from customers through surveys
- Market research to understand the current sentiment in your industry
Why is competitor analysis important in the product development process?
Why is competitor analysis important in the product development process?
- To develop a final definition for the product
- To identify gaps in competitors' products (correct)
- To understand the current sentiment in the industry
- To gather early feedback from customers
What is one purpose of market research in the product development process?
What is one purpose of market research in the product development process?
- To understand the current sentiment in the industry (correct)
- To develop a final definition for the product
- To gather early feedback from customers
- To analyze competitors' products
What is one way to gather early feedback from customers during the product development process?
What is one way to gather early feedback from customers during the product development process?
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What tool can be used to create surveys and collect information from existing customers during the product development process?
What tool can be used to create surveys and collect information from existing customers during the product development process?
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