Entrepreneurship & Innovation Flashcard

Front

What does MVP stand for in product development?

Back

Minimum Viable Product

Front

Which company started by renting out their own apartment to test a business idea? Options: Uber, Airbnb, Flipkart, Spotify

Back

Airbnb

Front

Who said, "Innovation distinguishes between a leader and a follower"?

Back

Steve Jobs

Front

In the Lean Startup method, what are the three main steps of the feedback loop?

Back

Build - Measure - Learn

Front

What is the primary goal of building an MVP?

Back

To test an idea quickly and gather feedback

Front

Which Indian startup popularized cash-on-delivery as a payment option? Options: Zomato, Paytm, Flipkart, Ola

Back

Flipkart

Front

What does an entrepreneur primarily do?

Back

Creates, organizes, and manages a business

Front

In innovation, what does "pivot" mean?

Back

Changing the direction of a product or business

Front

Which entrepreneur said, "The biggest risk is not taking any risk"?

Back

Mark Zuckerberg

Front

What's the difference between an MVP and a final product?

Back

MVP has only core features; final product is fully developed