Definition: MVP product development
MVP product development is the work of building a minimum viable product: the simplest version of a product that real customers can use, judge, and ideally buy. On Prototype to Production, the term always refers to physical goods such as apparel, jewelry, homewares, candles, or supplements.
A physical MVP is usually an approved sample or a small first production run. Unlike software, it cannot be patched overnight. Materials, minimum order quantities, and landed costs lock in early, which is why product clarity and the right prototypes come before any production order.
Read the full explanation in what MVP means in product development.