Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
Develop a minimum viable product (MVP) → B. Test key assumptions → C. Analyze feedback → D. Pivot or persevere
Understanding the Answer
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Answer
The Lean Startup starts with an idea that you turn into a Minimum Viable Product, a very simple version that lets you test a core assumption. You launch that MVP to a small audience and collect data, which gives you concrete measurements of how people use or react to it. Analyzing those measurements tells you whether the assumption is true or false, and this insight drives the next decision. If the data supports the idea, you refine the product and repeat the Build‑Measure‑Learn loop until the results consistently validate the business model; if not, you pivot or abandon the idea. When the loop repeatedly confirms that customers value the solution and the economics work, you have a validated business model ready for scaling.
Detailed Explanation
First you build a simple product to see if people want it. Other options are incorrect because Testing alone skips making a real product; Analyzing before testing gives no data.
Key Concepts
Lean Startup Methodology
Hypothesis Testing
Minimum Viable Product (MVP)
Topic
Lean Startup Methodology
Difficulty
easy level question
Cognitive Level
understand
Practice Similar Questions
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Question 2How does the Lean Startup Methodology ensure the viability of a business idea during early development?
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Question 3Arrange the following steps in the correct sequence to illustrate the lean startup process effectively: A) Validate learning through experiments B) Build a minimum viable product C) Measure outcomes D) Pivot or persevere based on insights
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Question 7A 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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