True or False: The value delivered by a product can only be determined in terms of revenue.

The statement that the value delivered by a product can only be determined in terms of revenue is false. Value in product management encompasses a much broader range of factors than just financial metrics. While revenue is an important aspect, it is not the sole indicator of a product's value.

Value can also be assessed through customer satisfaction, usability, market impact, brand reputation, user engagement, and overall contributions to organizational goals. For instance, a product may enhance customer loyalty, promote user adoption, or significantly improve operational efficiency, which are all measures of value that do not directly translate to immediate revenue.

Additionally, a product's value might be evaluated based on feedback from stakeholders, its contribution to strategic objectives, or its ability to solve user problems effectively. These qualitative factors play an essential role in determining a product's success and perceived value in the market. Thus, it is evident that revenue alone cannot encapsulate the totality of value delivered by a product.