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Minimum Viable Product (MVP)

A Minimum Viable Product (MVP) is a basic version of a product that includes only the essential features to satisfy early users and gather feedback. The goal is to test an idea with minimal resources before fully developing it. By launching an MVP, businesses can learn what users really want, identify necessary improvements, and save time and money by avoiding unnecessary features that may not be valued. It's a strategic approach for startups and innovators to validate their concepts quickly and efficiently.

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    A Minimum Viable Product (MVP) is the simplest version of a product that can be released to the market. It includes just enough features to satisfy early users and gather feedback for future improvements. The goal of an MVP is to test the core idea of a product with minimal resources and risk, helping businesses learn what customers really want. This approach allows for quicker adjustments based on real user experiences, making it easier to develop a successful product over time. Essentially, it’s about launching fast and refining based on actual user input.