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MVP - Minimum Viable Product
Minimum Viable Product (MVP) is a concept in product development that refers to the simplest version of a product that can be released to early users to gather feedback and validate assumptions. MVPs focus on core features that address customer needs, allowing businesses to test ideas and iterate based on user feedback. This approach minimizes risks and resource investments while maximizing learning opportunities. The MVP strategy is widely used in startups and innovation-driven companies to refine products and ensure market fit.