MANAGEMENT

Detailed explanation-1: -A minimum viable product, or MVP, is a product with enough features to attract early-adopter customers and validate a product idea early in the product development cycle. In industries such as software, the MVP can help the product team receive user feedback as quickly as possible to iterate and improve the product.

Detailed explanation-2: -Eric Ries’ Minimum Viable Product (MVP) Definition “The minimum viable product is that version of a new product which allows a team to collect the maximum amount of validated learning about customers with the least effort.” A minimum viable product helps product managers begin the process of learning quickly.

Detailed explanation-3: -Definition: Minimum Viable Product or MVP is a development technique in which a new product is introduced in the market with basic features, but enough to get the attention of the consumers.