Which of the following statements best describes the idea of a minimum viable product?a. A prototype of a new product or service that tests the technical feasibility of the product.b. A prototype of the new production facility or service delivery organization that determines if the product or service can be produced economically at scale.c. A prototype of a new product or service that allows the team to collect the maximumamount of learning with the least amount of effort.d. None of these statements is correct.
Which of the following statements best describes the idea of a minimum viable product?a. A prototype of a new product or service that tests the technical feasibility of the product.b. A prototype of the new production facility or service delivery organization that determines if the product or service can be produced economically at scale.c. A prototype of a new product or service that allows the team to collect the maximumamount of learning with the least amount of effort.d. None of these statements is correct.
Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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Which of the following statements best describes the idea of a minimum viable product?
a. A prototype of a new product or service that tests the technical feasibility of the product.
b. A prototype of the new production facility or service delivery organization that determines if the product or service can be produced economically at scale.
c. A prototype of a new product or service that allows the team to collect the maximum
amount of learning with the least amount of effort.
d. None of these statements is correct.
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