What is the main benefit of creating a minimum viable product?
Answer and explanation
Correct answer: कम लागत में विचार की उपयोगिता जांची जा सकती है
A minimum viable product, or MVP, contains enough essential functionality to test a business assumption with real or representative users. It allows the entrepreneur to learn about usefulness and demand while committing fewer resources than a fully developed product. An MVP does not guarantee success, remove every problem, eliminate taxes, or end competition.
Frequently asked questions
What is the correct answer to this question?
कम लागत में विचार की उपयोगिता जांची जा सकती है
Why is this the correct answer?
A minimum viable product, or MVP, contains enough essential functionality to test a business assumption with real or representative users. It allows the entrepreneur to learn about usefulness and demand while committing fewer resources than a fully developed product. An MVP does not guarantee success, remove every problem, eliminate taxes, or end competition.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
