Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
Increased Customer Satisfaction
B
Higher Product Prices
C
Reduced Employee Turnover
D
More Rigid Processes
Understanding the Answer
Let's break down why this is correct
Answer
The analogy shows that a particular methodology improves a specific outcome. Lean Startup is known for boosting overall firm performance by encouraging rapid experimentation, customer feedback, and waste reduction. Similarly, Agile Methodology is recognized for improving product delivery by breaking work into short, iterative sprints that allow teams to adapt quickly and deliver usable software faster. For example, a software team using Agile can release a minimum viable product every two weeks, catching defects early and meeting customer needs more rapidly. Thus, Agile Methodology leads to improved product delivery.
Detailed Explanation
Agile teams work in short cycles and ask customers for feedback after each release. Other options are incorrect because Some think Agile pushes prices higher because it delivers more features; People sometimes believe Agile automatically cuts staff turnover.
Key Concepts
Lean Startup Methodology
Agile Methodology
Customer Feedback
Topic
Performance Impact of Lean Startup
Difficulty
easy level question
Cognitive Level
understand
Practice Similar Questions
Test your understanding with related questions
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Question 4Which of the following outcomes can be attributed to the adoption of the lean startup methodology in firms? (Select all that apply)
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Question 5How does the Lean Startup methodology primarily impact firm performance over time?
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Question 6What underlying cause contributes to the improved firm performance observed in companies that adopt the lean startup methodology?
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Question 7Which of the following outcomes can be attributed to the adoption of the lean startup methodology in firms? (Select all that apply)
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Question 8How does the Lean Startup methodology primarily impact firm performance over time?
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