When seeking a product market fit, an entrepreneur should:
A) Consider the customer's problem, the customer's challenges in resolving the problem, and the severity of the customer's pain points within the process.
B) Research the customer's current solution to the problem and identify what the customer may "gain" from a better solution.
C) Both a and b are parts of assessing product market fit.
D) Neither a or b relate to assessing product market fit.

Question

Quizplus · Accepted Answer

Both A and B are essential steps in assessing product market fit. Understanding the customer's problem, their current solutions, and how a new solution could better meet their needs are critical for developing a product that will succeed in the market.

When Seeking a Product Market Fit, an Entrepreneur Should