The Product Manager's Desk Reference 2E

GLOSSARY

Acceptance test—A structured methodology used to determine if a product is fit for a purpose, use, or deployment. Users or customers may apply specific decision criteria to determine whether a product fulfills the customer’s need. Internal product testers will also use similar techniques to evaluate the product prior to launch.

Accounts payable—The debts owed by a business, usually in relation to goods or services, inventory, or supplies.

Accounts receivable—The money owed to a business by its customers for products and services delivered to a customer.

Activity-based costing—A technique that logically allocates overhead to products based on actual usage of factory facilities or machinery.

Advisory (cross-functional) product team member ...