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The Product Dictionary
Welcome to Prodict, the Product Dictionary. My goal is to catalog terms that are relevant to product people today. Hopefully, I capture many of the terms that drive you batty and even get the definition close to right. Since these are often emerging terms, they tend to change quickly and be used differently within different markets and organizations.
Term
Description
Related
Agile
Annual Recurring Revenue
ARR
ARR
Annual Recurring Revenue
Backlog
Discovery
Freemium
Marketing Strategy used to generate sales leads by giving away some piece of your product/service for free in the hope that you will be able to upsell the customer to a paid version. This upselling is also called “converting” them to paid.
High Integrity Commitment
Monthly Recurring Revenue
MRR
MRR
Monthly Recurring Revenue
MVP
Minimum Viable Product
On Premise
Product Strategy
Roadmap
Scrum
TDD
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