Understanding the concept of Minimum Viable Product

[IB D]

A minimum viable product (MVP) is a product with just enough features to satisfy early customers and provide feedback for future product development.

It is the most basic version of a product that can be released to the market to test its potential for success. MVPs are often used in the early stages of product development as a way to gather feedback from customers, validate assumptions about the product, and make informed decisions about how to move forward with the product.

The goal of an MVP is to quickly and efficiently validate product-market fit without incurring unnecessary costs or delays.

 

[Bisolami]

Ooh thanks for sharing the meaning
I know a lot of products that this happens to be their aim.

 

[Reedex]

A viable product is a product that meet the demands and standard of the market.

 

[IB D]

It is like a beta version of a software that is released to the public to test by using it and sending on feedback so as to make the final software up to standard. I use to do it in my business. I have a set of customers that I call testers.

 

[Reedex]

It is like a beta version of a software that is released to the public to test by using it and sending on feedback so as to make the final software up to standard. I use to do it in my business. I have a set of customers that I call testers.

It is better for the end users of the product to give feedback because it will help the business grow.