Product Matrix is a simple method for optimizing the product range of a company and defining the products’ main features – a method that can both save a lot of money and increase sales. In this article, I’ll describe what a Product Matrix is and how to use this method.
What products should we develop next? This is one of the major questions that PDD companies keep struggling with. Should we make a rich featured product or a light version? Should it be an expensive or cheap one? New product or new series? These are all crucial questions that bother any PDD company, and they are questions with enormous impact on the entire business.