**What does "market relevance" signify in product development?**
Market relevance signifies the alignment of a product with current consumer needs, trends, and competitive landscapes. It involves understanding the target audience to ensure that product features, pricing, and marketing strategies resonate effectively with potential users. A product that maintains high market relevance is more likely to succeed, as it meets demands and addresses gaps in the market. Continuous market analysis allows companies to adapt their offerings, ensuring they stay competitive and responsive to shifts in consumer preferences. Ultimately, maintaining market relevance is critical for sustained growth and innovation.