MVP of a Product

What is the full form of MVP?

• Minimum Viable Product

• Most Viable Product

• Maximum Viable Product

• Mode Viable Product

Who came up with the concept of MVP?

• Eric Ries

• Steve Harvey

• Will Harvey

• Joel Fan

What are the advantages of MVP?

• Be able to test a product

• Takes Minimal Investment

• Gives an idea of how Audience is taking the product

• All of the above

What is a better MVP?

• Equal amount of Value and Features

• Minimal Features More Value

• More Features Less Value

• Only Features No Value

Which of the following is a characteristic of a good MVP?

• Enough value that people are willing to use it

• Demonstrates enough future benefit to retain early adopters.

• Scope for recommendations to be adopted.

• All of the above

What is finished product?

Evaluate responses using AI:

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What do you develop first?

• MVP

• Finished Product

I built a motorcycle. But based on market feedback, I installed more features to it. Now, my motor cycle is one of the top selling motor cycle. What is it?

• MVP

• Prototype

• Finished Product

• Both A & B