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DAY 5

Questionario Day 5 EN

Risposte EN

What is a Minimum Viable Product (MVP)?

a. The final version of a product

b. The simplest version of a product that can be released

c. A prototype that cannot be released to the public

d. A comprehensive business plan

Why is an MVP important for a Lean Startup?

a. To avoid wasting resources on unnecessary features

b. To raise funds

c. To hire employees

d. To expand the business quickly

What is the main objective of an MVP?

a. To perfect the product before it reaches the market

b. To learn about customers' needs and preferences

c. To compete with similar products in the market

d. To prevent other companies from copying the product

When should a startup begin to build an MVP?

a. After developing a comprehensive business plan

b. As soon as a business idea is formed

c. After conducting market research

d. After securing sufficient funding

Which of the following is NOT a feature of an MVP?

a. Complexity

b. Minimalism

c. Focus on core functionality

d. Customer feedback

An MVP should be...

a. Fully feature-complete

b. As complex as the final product

c. Usable and valuable to the customer

d. Created without customer input

How does an MVP assist in risk reduction?

a. By delaying the product launch

b. By increasing development time

c. By validating assumptions early in the process

d. By focusing on the final product

What role does customer feedback play in the development of an MVP?

a. It is ignored until the product is finalized

b. It is integral in refining the product

c. It is not considered until after product launch

d. It is not needed

What is NOT a potential outcome of testing an MVP?

a. Learning the product is not feasible

b. Realizing there is no demand for the product

c. Understanding that the product is perfect and needs no further adjustments

d. Gathering valuable feedback for product improvement

What might happen after an MVP is tested and evaluated?

a. The startup might decide to abandon the idea

b. The startup might decide to pivot

c. The startup might decide to persevere with the original plan

d. All of the above

An MVP should focus on...

a. All the features the final product will have

b. The core features that provide the most value to the customer

c. The features that are easiest to develop

d. Features that other similar products have

Who should startups engage with when testing their MVP?

a. Potential investors

b. Friends and family

c. Potential customers

d. Competitors

The feedback loop 'Build-Measure-Learn' is critical in the creation of an MVP because it...

a. Allows for continuous iteration and improvement of the product

b. Helps in drafting the business plan

c. Prevents engagement with potential customers

d. Focuses on perfection before launch

What does 'pivot' mean in the context of testing an MVP?

a. Sticking to the original plan no matter what

b. Changing strategy without changing the vision based on learnings

c. Shutting down the startup

d. Ignoring feedback and continuing with the same product

What is NOT a reason to update or change an MVP?

a. Based on feedback, the MVP doesn’t solve the problem it was meant to

b. A competitor has released a similar product

c. The MVP isn't perfect

d. The MVP is too complex for users

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