Learning Path
Question & Answer
Choose the Best Answer
Creating a detailed business plan
Developing a product based on customer feedback
Conducting extensive market research
Hiring a large team for product development
Understanding the Answer
Let's break down why this is correct
The loop builds a small version of the product, tests it, and uses customer reactions to change the next version. Other options are incorrect because Many people think the loop is about drafting a long business plan, but the loop focuses on action instead of paperwork; Some think the loop demands lots of market research, but the loop relies on real customer data instead.
Key Concepts
Lean Startup Methodology
easy level question
understand
Deep Dive: Lean Startup Methodology
Master the fundamentals
Definition
The lean startup method involves a learning-by-doing approach for iterating early-stage business ideas. It focuses on hypothesis-based probing and business idea convergence to reduce uncertainty and improve business viability. The method emphasizes testing key assumptions and team composition.
Topic Definition
The lean startup method involves a learning-by-doing approach for iterating early-stage business ideas. It focuses on hypothesis-based probing and business idea convergence to reduce uncertainty and improve business viability. The method emphasizes testing key assumptions and team composition.
Ready to Master More Topics?
Join thousands of students using Seekh's interactive learning platform to excel in their studies with personalized practice and detailed explanations.