The Feature Set in the Product Market pyramid refers to the product features that are chosen to meet specific customer needs. These features are designed to address these needs in ways better than the existing alternatives.
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The third segment in the Product Market pyramid is Value Proposition. This is the set of specific customer needs that the product aims to address in ways better than the existing alternatives. This naturally leads to the fourth layer, the Feature Set. The Feature Set is the product features that are chosen to meet these customer needs. The topmost layer is the UX layer, which is the real-world product interface that customers will see and use.