Product management tools help in understanding customer needs by providing a structured approach to evaluate product ideas and prioritize features. Tools like price sensitivity matrix, total addressable market definition, cost benefit analysis, MoSCoW feature prioritization, and KANO diagram allow product managers to gauge customer preferences, assess market potential, understand cost implications, prioritize product features based on customer needs, and evaluate customer satisfaction, respectively. These insights help in making informed decisions that align with customer needs.
How do you take your product management to the next level? Due to popular demand, we've expanded our...
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