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Iift 2017 Question 42

This is a detailed step-by-step solution for Iift 2017 Question 42. Understand the concept, common mistakes, and expert tips to solve similar questions in IIFT exam.

IIFT

In the first paragraph, the author says, 'A minimum viable product (MVP) helps entrepreneur..............the fastest way to get through the Build-Measure-Learn feedback loop with the minimum amount of effort' from this sentence we can infer that the function of MVP is to enable entrepreneurs to continuously improve their product in the fastest time with least amount of time and cost. Hence, option B is the correct answer.

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