PSPO-II Exam Dumps | Your product's nearest competitor has lower market share, but has higher customer satisfaction, though

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Scrum.PSPO-II.v2024-07-08.q30
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Question 25/30

Your product's nearest competitor has lower market share, but has higher customer satisfaction, though they lack some key features of your product. You are losing market share to them as customers discover them. They release 3 times faster than you, which is helping them to win customers. What should you do first in response?
(choose the best answer)

A. Add features to your next release that you think will retain and win customers.

B. Lower your product's price to make it more attractive to new and existing customers.

C. Improve your time-to-market and rate of innovation to improve your responsiveness.

D. Find new markets for your product that your competitor is not yet in.

Correct Answer: C

Verified answer: C
Very Very Short According to the PSPO II guidelines, the focus should be on improving time-to-market and rate of innovation to enhance responsiveness ©. This aligns with the principles of agility and Scrum, which emphasize the importance of delivering value quickly and responding to market changes123. By improving these areas, you can better meet customer needs and compete more effectively in the market.

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