What Does MVP Stand For?

by | Feb 9, 2021

A Minimum Viable Product is a development approach where the basic version of a product is released to the market to get feedback from potential buyers

Although MVP is only the basic version of the product, it still needs to have enough features to get the attention of prospective consumers. The feedback helps companies improve everything about the final product, which will be later released in the market. A Minimum viable product can be anything from daily use products to consumable products to services.

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