What is a Minimum Viable Product (MVP)?
A Minimum Viable Product (MVP) is the simplest form of a product that has just enough features to satisfy the needs of early users. The term is often used when launching a startup, where the MVP is supposed to be a time-effective way of investigating the product-market fit of the product. The main goal of an MVP is to collect early user feedback. After collecting feedback, an entrepreneur can enhance the product-market fit by adopting the product to the feedback suggestions.
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