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Questions for Product Development and Business Growth
The three questions posed focus on the value, profit, and customer experience of a product. The first question highlights creating maximum value in the product itself. The second question emphasizes the profitability for the business owner while maintaining quality at a lower cost. The third question delves into creating an exceptional customer experience to the extent where the customer willingly promotes the product, highlighting the importance of word of mouth marketing, which is the only customer acquisition method that compounds over time.