What are the key steps in developing and presenting a Minimum Viable Product (MVP)?

After presenting an MVP, Product Managers can share key findings such as user reactions and feedback, usability issues, features that users found most and least useful, likelihood of purchase based on user reactions, and any suggestions or improvements proposed by the users. They can also share insights on how the MVP can be improved for a better user experience, and what the next steps would be in terms of product development and feature prioritization.

The likelihood of purchase for an MVP can be measured by presenting the MVP to a group of users and collecting their reactions and feedback. This can be quantitatively represented through a graph where reactions on likelihood to purchase are graded on a scale. This scale could range from 'definitely would purchase' to 'definitely would not purchase'. This method allows for a clear visual representation of the potential success of the MVP in the market.

Editable graphs play a crucial role in assessing important questions for a specific product. They provide a quantitative representation of user reactions and feedback, which can be crucial in product development. For instance, they can show initial reactions across multiple concepts, or display reactions on likelihood to purchase graded on a scale. This data can help product managers discover the most important aspects of their product, guiding future development and improvements.