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An out-of-the-box feature or functionality (also called OOTB or off the shelf), particularly in software, is a native feature or built-in functionality of a product that comes directly from the vendor and works immediately when the product is placed in service.
Feature-rich describes a software system as having many options and capabilities.. One mechanism for introducing feature-rich software to the user is the concept of progressive disclosure, a technique where features are introduced gradually as they become required, to reduce the potential confusion caused by displaying a wealth of features at once.
Vertical product differentiation can be measured objectively by a consumer. For example, when comparing two similar products, the quality and price can clearly be identified and ranked by the customer. If both A and B products have the same price to the consumer, then the market share for each one will be positive, according to the Hotelling ...
In the freemium business model, business tiers start with a "free" tier. Freemium, a portmanteau of the words "free" and "premium", is a pricing strategy by which a basic product or service is provided free of charge, but money (a premium) is charged for additional features, services, or virtual (online) or physical (offline) goods that expand the functionality of the free version of the software.
Also simply application or app. Computer software designed to perform a group of coordinated functions, tasks, or activities for the benefit of the user. Common examples of applications include word processors, spreadsheets, accounting applications, web browsers, media players, aeronautical flight simulators, console games, and photo editors. This contrasts with system software, which is ...
BS 7373-2:2001 Product specifications. Guide to identifying criteria for a product specification and to declaring product conformity [5] BS 7373-3:2005, Product specifications. Guide to identifying criteria for specifying a service offering [6] A design/product specification does not necessarily prove a product to be correct or useful in every ...
The software release life cycle is the process of developing, testing, and distributing a software product (e.g., an operating system).It typically consists of several stages, such as pre-alpha, alpha, beta, and release candidate, before the final version, or "gold", is released to the public.
New product development is the realization of a market opportunity by making a product available for purchase. [1] The products developed by an commercial organisation provide the means to generate income. Many technology-intensive organisations exploit technological innovation in a rapidly changing consumer market. [2]