Preview Questions Product Manager | Role Specific Skill

Question 1: How do you create a pricing strategy when entering a new market?

Which action should you take?

Choose only one option

By setting the same price as in other markets

By analyzing competitors, assessing consumer purchasing power, and considering local economic conditions

By using a global pricing strategy without considering local market conditions

By underpricing to gain market share, regardless of profitability

Question 2: How do you monitor the effectiveness of your competitor's pricing strategy?

Which action should you take?

Choose only one option

By assuming their pricing strategy is similar to yours

By analyzing sales data, customer feedback, and market response to their pricing

By ignoring pricing changes and focusing on product features

By focusing only on their advertised prices

Question 3: How do you deal with changes in sprint priorities from stakeholders?

Which action should you take?

Choose only one option

By immediately implementing the changes without assessing the impact on the sprint

By postponing the changes to the next sprint without consulting the team

By ignoring the changes and continuing with the current sprint priorities

By re-assessing the backlog, collaborating with the team, and communicating with stakeholders about the impact of changes

Question 4: How do you decide whether to focus on innovation or iteration in the product roadmap?

Which action should you take?

Choose only one option

By focusing on iteration exclusively with no new innovations

By focusing on new features only, ignoring iteration

By analyzing customer feedback, market trends, and business goals to find the right balance

By prioritizing iteration over innovation without considering market trends

Question 5: How do you analyze the competitive strengths of startups versus established competitors?

Which action should you take?

Choose only one option

By evaluating their innovation potential, agility, and ability to capture new markets, and comparing them with larger, more resource-rich competitors

By assuming startups can't compete in mature markets

By focusing solely on established competitors and ignoring startups

By assuming startups won't have a significant impact on the market

Question 6: How do you ensure user feedback is effectively integrated into the product design process?

Which action should you take?

Choose only one option

By assuming user needs based on initial market research

By regularly conducting usability tests and incorporating findings into design iterations

By focusing solely on feedback from key stakeholders, ignoring broader user input

By gathering user feedback after product launch to make adjustments