Question

The Lean Startup methodology, popularized by Eric Ries, emphasizes a cycle of building, measuring, and learning to create successful products efficiently. Which of the following is a key principle of the Lean Startup approach?

• A. Extensive planning before product development
• B. Building a Minimum Viable Product (MVP) to test assumptions
• C. Focusing on large-scale production from the start
• D. Avoiding customer feedback until the product is fully developed

Hint:

The MVP is a crucial concept in the Lean Startup methodology, allowing startups to quickly test their hypotheses with minimal resources.

Answer 1

The Correct Option is B

The Lean Startup method promotes Minimum Viable Products (MVPs). An MVP is a product version with only essential features, used to validate assumptions and collect user input. This facilitates efficient product development aligned with customer needs. The correct choice is option B.