Which statement is incorrect about MVP?

• A. An MVP is the simplest version of a product to test core hypotheses.
• B. An MVP is the final product released to all customers.
• C. An MVP tests core hypotheses with minimal effort and cost.
• D. An MVP enables learning with customers.

Answer: (B)

MVP is a minimal version of a product built to test a key assumption with real users and to learn quickly with the least amount of time and money spent. It is not the final product released to everyone. The idea is to validate whether customers care about the core value before scaling, and to gather feedback that guides the next steps.

So the statement describing the MVP as the final product released to all customers doesn’t fit this approach. The other aspects are correct: the MVP is the simplest version to test hypotheses, it involves minimal effort and cost, and it’s a vehicle for learning from customers through actual use and feedback. In practice, you’d roll out to a limited audience, observe how it performs, learn, and iterate toward a more complete solution.