Which of the Following Statements About a Minimum Viable Product

question 44

Multiple Choice

Which of the following statements about a minimum viable product (MVP) is true?

• A) It is always the preferred way to gauge customer interest in a product.
• B) It is an excellent way to gauge customer interest for all types of products.
• C) The goal of the MVP is to attract initial customers who can guide the direction of the product .
• D) It is the least valuable if your product concept adopts incremental innovation.
• E) If early adopters don't like your MVP, it typically means that the product is not viable.

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Definitions:

Marketing Department

A division within a company responsible for developing strategies and tactics to promote, sell, and distribute its products or services.

Environmental Forces

External factors such as social, economic, technological, and political conditions that affect businesses and consumers.

Marketing Occur

The processes or activities undertaken by individuals or organizations to promote, sell, and distribute a product or service.

Desire

A strong feeling of wanting to have something or wishing for something to happen.