A product _____ statement is a claim of proposed customer value and takes the form of a verbal and/or prototype expression that describes need, form, and technology (at
Least two of these), and how the customer stands to gain (and lose).
A) charter
B) bond
C) concept
D) prototype

Question

Quizplus · Accepted Answer

A product concept statement is a description of a product that is still in the development process, and it includes information about the product's intended value to customers, form, and technology. This statement is used to communicate the idea of the product to stakeholders and potential customers before it is brought to market. "Charter" often refers to a document outlining the purpose and guidelines of a project or organization, while a "bond" is a financial instrument. A prototype is a physical or digital model of a product that is built to test and refine its design.

A Product _____ Statement Is a Claim of Proposed Customer