MVP

MVP, or Minimum Viable Product, is the most basic version of a new product that includes only its core features essential to meet early customer needs and gather feedback. It allows a business to test ideas quickly and cost-effectively, learn what works, and make improvements before investing heavily in full development. Think of it as releasing a simple prototype to validate the concept, then iterating based on real user insights to create a more refined final product. This approach helps reduce risk, save resources, and ensure the final product better aligns with customer demands.