Fintech Product Manager Mock Interview
Master 25 Fintech Product Manager interview questions covering payments, regulation, and product strategy.
Question 16 of 25
How would you describe our product to someone who wants something similar but cheaper?
How to Answer
Example Answer
Community Answers
Product managers are in charge of a new product's overall vision. They need to be able to translate that vision into everyday language that colleagues and prospective customers will understand. With this question, the interviewer is testing your communication skills and whether or not you researched their company and its products prior to the interview. Consider mentioning product features, cost/benefits, and user testimonials during your answer.
"If I were talking to someone who liked our new product but wanted it cheaper, I'd say that our stock trading app is innovative and based on a smart algorithm technology that makes it far superior to other stock trading apps. Unlike other cheaper apps, it offers up-to-the-minute live updates from multiple stock exchanges that make it easier to carry out informed and profitable trades. It also provides personalized investing ideas and is highly secure. Spending an extra 25 on our app versus another one will give you at least 100 more in benefits. Our users say that they make more profitable trades on our app compared to any other ones they've tried."
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