System and method for reviewing a product or service

A system for reviewing a product, comprising:

• one or more processors;
• a review receiving module operable by the one or more processors, wherein the review receiving module is configured to receive one or more selections of a plurality of positive parameters and a plurality of negative parameters about the product, from one or more users;
• a review quotient computing module operable by the one or more processors, wherein the review quotient computing module is configured to:
• compute an aggregate value for each of the plurality of positive parameters and each of the plurality of negative parameters using one or more received selections from the review receiving module;
• rank the plurality of positive parameters and the plurality of negative parameters based on the aggregate value computed for each of the plurality of positive parameters and each of the plurality of negative parameters;
• compute a positive aggregate value and a negative aggregate value based on one or more top-ranked plurality of positive parameters and one or more top-ranked plurality of negative parameters, respectively;
• determine a review quotient by computing a ratio between the positive aggregate value and the negative aggregate value;
• compare the review quotient determined with a predefined threshold value;
• and
• a recommendation module operable by the one or more processors, wherein the recommendation module is configured to recommend one or more new users to purchase the product based on the review quotient determined.