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 startups start by trying out ideas quickly with real customers. Other options are incorrect because Some think a startup needs deep market research before any action; Others assume a startup must follow a detailed traditional plan.
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?
easyBusiness
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4
Question 4The lean startup methodology focuses on __________ to test business ideas and achieve better performance outcomes.
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5
Question 5Lean startup methodology is to early-stage business development as scientific method is to __________.
mediumBusiness
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6
Question 6How does the Lean Startup methodology primarily impact firm performance over time?
mediumBusiness
Practice
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?
easyBusiness
Practice
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