THE EFFECTIVE STRATEGIES FOR PRODUCT-MARKET FIT IN APPAREL SECTOR
M. Preethy, Dr. S. Suneetha
Department of Management Studies, Vardhaman College of Engineering, Shamshabad, Telangana
Abstract
In this highly competitive market, ensuring that apparel products fit customers well is crucial for success. This abstract examines various strategies employed by companies to achieve optimal product market fit, taking into account factors such as garment design, size charts, and consumer feedback. Additionally, it investigates the importance of inclusive sizing and customization options in catering to diverse body types and individual preferences. The findings suggest that there is a significant relationship between value proposition for both product fit and market fit. Additionally, user experience demonstrates a substantial correlation with both product fit and market fit. Nevertheless, the feature set exhibits no statistically significant correlation with product fit and only a marginally insignificant correlation with market fit. This abstract aims to provide insights into how apparel brands can enhance their product market fit strategies to differentiate themselves, drive customer satisfaction, improve conversions, and ultimately boost revenue in todays increasingly discerning consumer market.
Keywords: User Experience, Feature Set, Value Proposition, Product Fit, Market Fit.
Journal Name :
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EPRA International Journal of Economics, Business and Management Studies (EBMS)
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Published on : 2024-02-08
Vol | : | 11 |
Issue | : | 2 |
Month | : | February |
Year | : | 2024 |