What is a valuable end product?

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sumaiyakhatun24
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Joined: Sat Dec 21, 2024 6:49 am

What is a valuable end product?

Post by sumaiyakhatun24 »

The Valuable Final Product (VFP) is the final result of the work of one employee or group, which is paid for.

In this concept, every word is important.

Valuable means it is valuable for the organization and the customer. For example, a post, an article – all of this is considered a final product. Just text has no value, but if it attracts new clients, collects views and likes, then it becomes valuable. That is, a post that added two potential buyers and a post that attracted a thousand new customers are equally valuable.

A valuable end product of the company
A valuable end product of the company
By "final" we mean the completed stage of work. For example, a marketer ghana mobile database believes that the final result of his work is a correctly configured advertising campaign or target audience analysis. However, this is incorrect, because there is no result here - only a process.

In this example, the final product will be the number of new customers who came through advertising. But only if the specialist developed the application form independently.

A product is something that can be counted or at least felt. An editor monitors an article and can find out how many times it has been read and where people came from. A marketer can see how many users have performed a target action with their ad. A salesperson's product is revenue per shift.
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