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Answer
The lean startup method actually starts with an idea and quickly builds a minimal version of a product to test real customer interest. Instead of waiting for a flawless business plan, it relies on rapid experiments, customer feedback, and data to decide whether to keep, pivot, or stop. By measuring real results, entrepreneurs learn what works and what doesn’t, reducing wasted effort. For example, a coffee‑shop app might launch a simple booking page to see if people order, and only then invest in full‑featured software. This iterative, evidence‑based approach is the core of lean startup.
Detailed Explanation
Lean startup focuses on quick tests, not a perfect plan. Other options are incorrect because Many think a perfect plan is needed.
Key Concepts
Lean Startup Methodology
Iterative Testing
Business Viability
Topic
Lean Startup Methodology
Difficulty
easy level question
Cognitive Level
understand
Practice Similar Questions
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1
Question 1How does the Lean Startup Methodology ensure the viability of a business idea during early development?
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Question 2Lean startup methodology is to early-stage business development as scientific method is to __________.
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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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Question 4The lean startup methodology focuses on __________ to test business ideas and achieve better performance outcomes.
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Question 5How does the Lean Startup Methodology ensure the viability of a business idea during early development?
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6
Question 6Lean startup methodology is to early-stage business development as scientific method is to __________.
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7
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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Question 8The lean startup methodology focuses on __________ to test business ideas and achieve better performance outcomes.
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