|Overview: Figure Of Merit|
A number that is commonly used to compare a product or service.
Battery life in hours for mobile devices. Bandwidth of an internet connection.Clock rate of a CPUCalories in food.
What is a Figure Of Merit?
John Spacey, updated on July 02, 2023
A figure of merit is a particular metric that is commonly used to judge the value of a product or service. For example, fuel efficiency ratings such as Miles Per Gallon (MPG) are commonly used to compare cars. A figure of merit allows customers to qualitatively compare products and services. As a result, it tends to lead to intense competition to improve products and service.
Product MarketingThis is the complete list of articles we have written about product marketing.
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