Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
hypothesis-based experimentation
B
extensive market research
C
traditional business planning
D
long-term forecasting
Understanding the Answer
Let's break down why this is correct
Answer
The lean startup methodology focuses on rapid experimentation to test business ideas and achieve better performance outcomes. By quickly building a minimal product, measuring real customer responses, and learning from the data, teams can validate assumptions before scaling. This cycle of build‑measure‑learn lets entrepreneurs pivot or persevere based on evidence rather than guesswork. For example, a startup might launch a simple landing page, track sign‑ups, and decide whether to invest in full‑scale development.
Detailed Explanation
Lean startup uses short experiments to see if an idea works. Other options are incorrect because The idea that extensive research is key can make a team pause too long; Believing that detailed planning is necessary ignores the lean startup’s need to adapt quickly.
Key Concepts
Lean startup methodology
Hypothesis testing
Business performance
Topic
Performance Impact of Lean Startup
Difficulty
easy level question
Cognitive Level
understand
Practice Similar Questions
Test your understanding with related questions
1
Question 1Lean startup methodology is to early-stage business development as scientific method is to __________.
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2
Question 2How does the Lean Startup methodology primarily impact firm performance over time?
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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 4Lean startup methodology is to early-stage business development as scientific method is to __________.
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5
Question 5How does the Lean Startup methodology primarily impact firm performance over time?
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6
Question 6A 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?
easyBusiness
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7
Question 7The lean startup methodology focuses on __________ to test business ideas and achieve better performance outcomes.
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