What constitutes a minimum viable product (MVP) and why is it important?

What constitutes a minimum viable product (MVP) and why is it important?

• A. The final polished product with all features.
• B. The smallest version of a product that validates the core value proposition with real users; it reduces time and cost to learn; informs iteration.
• C. A marketing brochure used to attract investors.
• D. A detailed business plan.

Answer: (B)