Understanding the distinctions between MVPs, prototypes, and Proof of Concepts (PoCs) is crucial.
MVP (Minimum Viable Product): A functional product with core features that allows for user testing and validation of the concept.
Prototype: A visual representation of a product's design and features, used to gather feedback on usability and aesthetics.
PoC (Proof of Concept): A preliminary exploration to demonstrate the technical feasibility of a concept, often lacking a complete user interface.