Answer:
Product analysis is how a company comes up with new ideas or solutions to problems the customers are having. It's the process of studying, understanding and communicating how your customers use or could use your or competitor's products or services. To do a good job this step needs to be done with care. The first stage of product analysis is to identify what customer needs you want to address. Once that has been identified, there should be a deeper investigation as to why they want it and what others feel about it. This will give you a competitive edge over your competitors because you will already have your solution in mind before development begins.
Explanation:
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