Could you explain the concept of a minimum viable product and its role in the development process?

Minimum Viable Product (MVP) is a version of a product with the minimal set of features sufficient to satisfy early adopters and provide feedback.

The role of MVP in the development process:

• Allows for quick market entry and hypothesis testing.
• Reduces risks and costs by avoiding unnecessary features.
• Facilitates early user interaction to improve the product.

For example, in developing a food ordering app, an MVP might include only registration, menu viewing, and order placement, without complex rating or recommendation features. After launch, feedback is collected to plan further development.