Lean Startup Concepts Quiz

What is the primary purpose of creating a Minimal Viable Product (MVP) in the Lean Startup methodology?

• To avoid any customer feedback

• To test market demand with minimal resources

• To have a fully-featured product ready for market

• To ensure the product is perfect before launch

According to the 80/20 principle mentioned in the Lean Startup, what should be the focus when developing a product?

• Developing a product over several years

• Ignoring customer feedback

• Focusing on the 20% of features that 80% of customers will use

• Including as many features as possible

What is the main goal of the Build-Measure-Learn feedback loop?

• To build a product without any customer input

• To quickly iterate and improve the product based on feedback

• To measure success by the number of features

• To learn from competitors' mistakes

Why is it important to choose unbiased metrics when measuring the success of a product?

• To ensure accurate and meaningful feedback

• To avoid any negative comments

• To focus only on positive reviews

• To increase the number of views

What should a startup do if their MVP is not meeting expectations after several iterations?

• Continue with the same strategy

• Pivot by changing the product or target market

• Ignore the feedback and persevere

• Stop the project entirely