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Product Market Fit

October 16, 2017 by Dave Clark -

Product Market Fit

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Dave Clark

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Definitioner

Product Market Fit: Product Market Fit
Market: Based on supply and demand, this term refers to the societal arrangement whereby consumers purchase goods and services from businesses and individual sellers in exchange for currency. In economic relevance, the “market” can be divided into different industries, such as biotechnology, food, etc. The exchange between the consumer and seller contribute to a society’s market economy which greatly depends on these transactions for economic viability.⁴