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Lesson 05 - Assignment

Lesson 05 - Assignment

Q Read "What is a Minimum Viable Product?" (page 136) Write a summary of at least 300 words using the discussion question to guide your essay written in APA style, with a reference page and a cover page. APA requires double space. Your essay be checked for originality via SafeAssign. There is not a target for matching but your instructor will be assessing that you have used your own words with proper in-text citations and quotation marks for direct quotes.

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A product which consists of something of the minimum desired value by customers to keep customers satisfied is known as a minimum viable product (Vliet, 2020). This implies that some form of customer value is important for being provided to every customer for a product to become eligible for becoming a minimum viable product. It is important for every organization to ensure that there can be knowledge gained about such a type of product to enter into new or existing target markets. There has to be introduction of a new product done by ensuring that value is added to the product by some means. Innovation can be a major source of producing a product with minimum value (Vliet, 2020).