Question

The Lean Startup methodology, popularized by Eric Ries, emphasizes a cycle of building, measuring, and learning to create successful products efficiently. Which of the following is a key principle of the Lean Startup approach?

• A. Extensive planning before product development
• B. Building a Minimum Viable Product (MVP) to test assumptions
• C. Focusing on large-scale production from the start
• D. Avoiding customer feedback until the product is fully developed

Hint:

The MVP is a crucial concept in the Lean Startup methodology, allowing startups to quickly test their hypotheses with minimal resources.

Answer 1

The Correct Option is B

The Lean Startup methodology encourages the creation of a Minimum Viable Product (MVP), which is a version of the product that includes only the core features necessary to test assumptions and gather user feedback. This helps in efficiently building products based on real customer needs. Therefore, the correct answer is option B.