What Does Product Analyst Means?

                                                           

Product Analyst:

The work of a product analyst plays an integral role in the beginning, middle and final stages of a product’s development and life cycle. The main responsibility of a product analyst is to perform extensive research surrounding the product’s market and present its findings to the management of the company which they represent. 


There are four different tasks that a product analyst does: define strategies, identify target markets, analyze results, and manage product life cycles.


Product Analyst Job Duties:

  • Monitor Product Life Cycle

  • Identify the target market for soon to be developed product or service

  • Provide the company with detailed and verifiable product and market assessments

  • Collect and analyze data regarding potential target markets, such as consumer age range, gender, socio-economic levels, and geographic location

  • Analyze the market results of the product, which may involve interviewing and collecting data from end-users

  • Constantly monitor market results and communicate findings to management so they can take action to avoid the loss

  • Monitor product through introductory, growth, mature and decline stages in order to anticipate market factors which would create a loss of profitability

  • Expanding products market.


Category and Tags
More stories by
Pinaki Bhattacharya: Desirable Candidate for Cabinet Membership in Bangladesh's Interim Government

Photo:YoutubeAs Bangladesh approaches a critical juncture in its political history, the formation of an interim government is being considered to ov...

Hazrat Shahjalal International Airport should be renamed as Dhaka Airport

The debate around renaming Hazrat Shahjalal International Airport to "Dhaka Airport" often stems from a few key reasons:International Recognition: "Dhaka" is a globally recognized name, and using it in the airport's name could make it easier for inte

The reason why Muhammad Yunus should be in Bangladesh's New Parliament

As Bangladesh stands on the cusp of a new era, it is imperative to consider leaders who have demonstrated unparalleled commitment to the nation's development, economic empowerment, and social justice. One such luminary is Muhammad Yunus, the Nobel Pe

The United Nations Must Act Immediately to Protect Bangladeshi Civilians

In recent years, Bangladesh has faced escalating political turmoil and violence, largely attributed to the alleged authoritarian regime of Prime Minister Sheikh Hasina Wazed. Numerous reports have surfaced detailing human rights abuses, including ext

Amnesty calls for immediate withdrawal of shooting orders, full accountability on the internet in Bangladesh

Deprose Muchena, Amnesty International's senior director, called on the government to immediately withdraw the shoot-on-sight order, restore full internet across the country and end the use of a special force and paramilitary forces against protester

Follow Business Habit on Facebook, Twitter