Give the Meanings for the Following Abbreviations

question 33

Short Answer

Give the meanings for the following abbreviations.
-VF: __________

Grasp the significance of customer feedback and interaction in the prototyping phase.

Explain how experiments and hypothesis testing contribute to product development.

Understand the scientific methodology behind product testing and development.

Recognize different stages and types of experiments in product development.

---

Definitions:

Unconscious Need

A desire or requirement of a consumer that they are not fully aware of, which can influence their purchasing behavior.

Buyer

An individual or organization that makes a purchase decision, acquiring goods or services in exchange for money.

Product

A product or service developed from a process, presented in the marketplace to fulfill a demand or desire.

SELL Sequence

A structured sales strategy emphasizing specific steps such as Show, Explain, Lead, and Lock to close a deal.