Learning Path
Question & Answer
Choose the Best Answer
By tracking financial metrics to prioritize customer acquisition
By using data to validate product-market fit and measure traction among Early Adopters
By focusing on traditional marketing techniques to attract a wide audience
By estimating the lifetime value of customers before product launch
Understanding the Answer
Let's break down why this is correct
Lean Analytics and Innovation Accounting focus on real data, not guesses. Other options are incorrect because Tracking only money misses who wants the product first; Traditional marketing spreads the word widely, but early adopters need proof that the product solves a problem.
Key Concepts
Lean Startup Methodology
hard level question
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Deep Dive: Lean Startup Methodology
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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.
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