PMI
CAPM · Question #477
A business manager has an idea for a new product they feel will be highly profitable to the business. How can the product idea be validated in the market before developing the product?
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Agile Frameworks/Methodologies
Question
A business manager has an idea for a new product they feel will be highly profitable to the business. How can the product idea be validated in the market before developing the product?
Options
- APerform a SWOT analysis to compare it with competing products.
- BReview similar products in the market for gap analysis.
- CLaunch a prototype to get customer feedback.
- DPresent the idea to a focus group for feedback.
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Topics
#Product Validation#Prototyping#Customer Feedback#Market Validation