Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
Hypothesis Testing
B
Market Analysis
C
Product Development
D
Customer Acquisition
Understanding the Answer
Let's break down why this is correct
Answer
The team is engaging in **Customer Discovery**, a Lean Startup step that tests assumptions about what users truly need before any code is written. They interview potential users, gather feedback, and refine their hypotheses based on real responses. By validating the problem first, they avoid building features that no one wants. This approach keeps the startup focused on solving a real pain point, saving time and money. The result is a clearer idea of the market fit before development begins.
Detailed Explanation
The team is testing ideas by asking real users what they want. Other options are incorrect because People often think market analysis means talking to customers, but it actually looks at big market trends and size, not specific user needs; Product development is the act of writing code and designing the app.
Key Concepts
Lean Startup Methodology
Hypothesis Testing
Customer Feedback
Topic
Lean Startup Methodology
Difficulty
medium level question
Cognitive Level
understand
Practice Similar Questions
Test your understanding with related questions
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Question 3A startup team is assessing their approach to developing a new product. They are considering various factors that could impact their success. Which of the following scenarios best exemplifies a boundary condition that could influence the effectiveness of the lean startup methodology?
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Question 5A startup team is launching a new mobile app aimed at improving mental health. They have a diverse team with backgrounds in psychology, technology, and marketing. However, they are struggling with engagement levels as team members often work remotely and have differing visions for the app. Considering the boundary conditions of the lean startup methodology, which strategy would best enhance their chances of success?
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Question 7A startup team is evaluating two potential product ideas based on customer feedback and market trends. They decide to conduct a series of experiments to test the viability of each idea before fully investing resources. Which learning-by-thinking method are they employing, and how does it influence their decision-making process?
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