📚 Learning Guide
Lean Startup Methodology
hard

How does the Lean Startup Methodology ensure the viability of a business idea during early development?

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Learning Path
Learning Path

Question & Answer
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2
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Choose the Best Answer

A

By focusing solely on market research before product development

B

By conducting hypothesis-driven experiments to validate assumptions

C

By investing heavily in marketing before product testing

D

By creating a comprehensive business plan without testing ideas

Understanding the Answer

Let's break down why this is correct

Answer

The Lean Startup Methodology keeps a business idea viable by testing it quickly and cheaply with real customers, so you learn what works before spending too much money. First, you build a minimal product that shows the core value, then you ask customers for feedback and measure their reactions. If the data shows people want the product and are willing to pay, you iterate; if not, you pivot or stop. For example, a startup might create a simple landing page to gauge interest in a new app, and if visitors sign up, it builds the app further; if not, it changes the idea. This cycle of building, measuring, and learning reduces risk and ensures the idea meets real needs.

Detailed Explanation

The method uses small experiments to test ideas. Other options are incorrect because People think that doing a lot of market research alone guarantees success; Some believe that spending money on ads first will prove the idea works.

Key Concepts

Lean Startup Methodology
Hypothesis Testing
Business Viability
Topic

Lean Startup Methodology

Difficulty

hard level question

Cognitive Level

understand

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