Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
Validation
B
Analysis
C
Simulation
D
Forecasting
Understanding the Answer
Let's break down why this is correct
Answer
In the Lean Startup Methodology, the process of testing key assumptions about a business idea through iterative experiments is called validated learning. It means you build a minimal product, measure real customer reactions, and then decide whether to keep, pivot, or stop the idea. Each experiment is designed to answer one specific hypothesis about customers, value, or cost. By repeating this cycle you reduce uncertainty and build only what customers actually want. For example, a startup might test whether people are willing to pay for a new app feature by releasing a simple prototype and tracking sign‑ups.
Detailed Explanation
In Lean Startup, you set up tiny tests to see if an idea works with real people. Other options are incorrect because People think analysis is the same as testing because both use data; Simulation sounds like it tests the idea, but it only models outcomes in a computer.
Key Concepts
Lean Startup Methodology
Hypothesis Testing
Iterative Development
Topic
Lean Startup Methodology
Difficulty
easy level question
Cognitive Level
understand
Practice Similar Questions
Test your understanding with related questions
1
Question 1In the context of the Lean Startup methodology, how do boundary conditions influence hypothesis testing and iterative development while managing risks effectively?
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2
Question 2Lean startup methodology is to early-stage business development as scientific method is to __________.
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3
Question 3A startup has implemented the lean startup methodology by continually testing their product ideas with potential customers before fully launching them. Which category does this approach belong to in terms of performance impact?
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4
Question 4The lean startup methodology focuses on __________ to test business ideas and achieve better performance outcomes.
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5
Question 5A startup is struggling to identify the right product-market fit and is considering adopting the lean startup methodology. After implementing iterative testing of their product hypotheses over six months, they notice a significant increase in customer engagement and sales. Which principle of the lean startup methodology most directly contributed to these results?
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6
Question 6In the Lean Startup Methodology, the process of testing key assumptions about a business idea through iterative experiments is referred to as __________.
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7
Question 7Lean startup methodology is to early-stage business development as scientific method is to __________.
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8
Question 8A startup has implemented the lean startup methodology by continually testing their product ideas with potential customers before fully launching them. Which category does this approach belong to in terms of performance impact?
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9
Question 9The lean startup methodology focuses on __________ to test business ideas and achieve better performance outcomes.
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10
Question 10A startup is struggling to identify the right product-market fit and is considering adopting the lean startup methodology. After implementing iterative testing of their product hypotheses over six months, they notice a significant increase in customer engagement and sales. Which principle of the lean startup methodology most directly contributed to these results?
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