Building an elaborate product before testing demand risks:
AWidening the office space
BWriting too many memos
CWasting time and money
DWinning too many awards
Answer & Solution
Correct answer: C. Wasting time and money
1. Ries himself lost both in his first company.
2. The market may not want it.
3. It risks wasting time and money.
_Source: OpenStax Entrepreneurship, Chapter 10, Launching the Imperfect Business: Lean Startup._
Related questions
The lean startup approach is described as a new way to develop and:The loop helps entrepreneurs learn whether there is a need to:A basic platform released to early adopters serves mainly to:According to that method, an MVP can be the bare minimum needed to help people:The step-by-step approach advocated covers how to manoeuvre a startup, change course and:Many companies waste effort on ideas that seem great in theory but:The lean startup method aims to develop products people want in a:Despite bugs that could crash users' computers, Ries was determined to: