A company can determine if their product has achieved product-market fit by assessing if their product is meeting customer needs better than the alternatives available. This can be done by gathering customer feedback, monitoring customer usage and retention rates, and comparing their product's performance against competitors. If the product is creating significant customer value and is preferred over alternatives, it has likely achieved product-market fit.
Why do so many products fail? It's not because they are built or marketed poorly, but because they d...
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