Product Viability
Content
Definition
Product Viability refers to the potential of a product to meet market needs effectively, sustainably, and profitably, often assessed through market research and early user feedback.
Usage and Context
Product viability assesses a product`s potential to meet market needs profitably.
Frequently asked questions
- What is the meaning of product viability? Product viability refers to a product`s potential to meet market needs effectively, sustainably, and profitably.
- What is the viability of the market? Market viability refers to the potential for a market to support a product or business, indicating demand and profitability.
- What is the meaning of viability in research? Viability in research refers to the feasibility and potential success of a product or idea in the market.
Benefits
Product viability assesses whether a product can meet market needs sustainably and profitably, based on research and early feedback.
Conclusion
Product Viability assesses whether a product can meet market needs profitably.
