Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
It limits the feedback from users, leading to less effective product development.
B
It accelerates product development cycles while incorporating user feedback, improving market fit.
C
It focuses solely on features rather than customer needs, resulting in poor performance.
D
It reduces collaboration among team members, which hinders progress.
Understanding the Answer
Let's break down why this is correct
Answer
Implementing an MVP in an Agile framework lets a startup quickly test a core idea with real users, so it can learn what works and what does not while spending minimal time and money. Because Agile emphasizes short iterations and constant feedback, the MVP can be released, reviewed, and improved in a few weeks, reducing the risk of building a full product that no one wants. This rapid cycle keeps the startup’s resources focused on the highest‑value features, improving cash flow and allowing the team to pivot faster if needed. For example, a new app might launch a simple login screen and a basic search function, gather usage data, and then decide whether to add advanced filters or a recommendation engine. By combining MVP’s lean focus with Agile’s iterative process, startups can accelerate learning, reduce wasted effort, and ultimately achieve better market fit and financial performance.
Detailed Explanation
An MVP lets the startup release a simple version quickly and see how users react. Other options are incorrect because People think a small product gives less feedback, but it actually gives more; The MVP is not about adding every feature.
Key Concepts
minimum viable product (MVP)
agile management
Topic
Performance Impact of Lean Startup
Difficulty
medium level question
Cognitive Level
understand
Practice Similar Questions
Test your understanding with related questions
1
Question 1In the Lean Startup methodology, which of the following statements best describes the relationship between Minimum Viable Product (MVP) and Lean Analytics?
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Practice
2
Question 2In the context of the Lean Startup Methodology, which of the following best describes the role of early adopters in the Build-Measure-Learn loop when developing a Minimum Viable Product (MVP)?
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3
Question 3A startup team has developed a new app for managing personal finances. They decide to create a minimum viable product (MVP) and release it to a small group of users to gather feedback before a full launch. Which principle of learning-by-doing are they applying in this scenario?
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4
Question 4In the Lean Startup methodology, which of the following statements best describes the relationship between Minimum Viable Product (MVP) and Lean Analytics?
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Practice
5
Question 5In the context of the Lean Startup Methodology, which of the following best describes the role of early adopters in the Build-Measure-Learn loop when developing a Minimum Viable Product (MVP)?
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Practice
6
Question 6How does the implementation of a Minimum Viable Product (MVP) within an Agile management framework impact the performance of a startup?
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7
Question 7A startup team has developed a new app for managing personal finances. They decide to create a minimum viable product (MVP) and release it to a small group of users to gather feedback before a full launch. Which principle of learning-by-doing are they applying in this scenario?
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Practice
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