Features are the specific functionalities or characteristics of a product or software that meet the needs and solve the problems of its users. Think of features as the different components or tools that make up a product, like buttons, filters, or search bars. They are what make a product useful and valuable to its users. For example, in a project management software, features could include task assignment, file sharing, and progress tracking. Features are essential for product managers to prioritize and build based on user needs.