Word of the Week

Minimum Viable Product (MVP)

mɪnɪməm/ˈvʌɪəb(ə)l/ˈprɒdʌkt / phr.


Also known as an MVP, a minimum viable product is a development technique in which a new product is introduced in the market with basic features to gauge the response from prospective consumers or buyers.
The final product is released to the market only after getting sufficient feedback from the product’s initial users.
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