What is the definition of product market fit?

Product market fit is the term used to describe when a product or service meets the needs and demands of a specific market segment. It signifies that there is a strong alignment between what the product offers and what the target customers are looking for, leading to high customer satisfaction and loyalty. Achieving product market fit is essential for the success of a business, as it indicates that the product has found its place in the market and has the potential for sustainable growth and profitability.

This mind map was published on 5 November 2024 and has been viewed 4 times.