Lean Start-up Methodology Principles
CMAT 2025 · Innovation & Entrepreneurship · Easy · Startups
Given below are two statements:
Statement I: Lean start-up methodology prioritises extensive market research before any product. Statement II: Lean start-up methodology focuses on creating a Minimal Viable Product (MVP) to test hypotheses.
In light of the above statements, choose the most appropriate answer from the options given below :
- A.
Both Statement I and Statement II are true
- B.
Both Statement I and Statement II are false
- C.
Statement I is true but Statement II is false
- D.
Statement I is false but Statement II is true
D
Explanation
Statement I is false: Lean start-up minimizes extensive upfront research and advocates rapid experimentation. Statement II is true: MVP creation to test hypotheses in the Build-Measure-Learn loop is the core of Lean Startup.
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