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A startup is struggling to gain user interest for its new social networking platform, and user engagement remains low. What should the startup focus on to achieve Product-Market Fit?*1 pointScale the platform to attract more usersContinue promoting the platform through advertisingIteratively refine the platform based on user feedbackShift its focus to a different market

Question

A startup is struggling to gain user interest for its new social networking platform, and user engagement remains low. What should the startup focus on to achieve Product-Market Fit?*1 pointScale the platform to attract more usersContinue promoting the platform through advertisingIteratively refine the platform based on user feedbackShift its focus to a different market

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Solution

The startup should focus on iteratively refining the platform based on user feedback. This is because user engagement is a key indicator of product-market fit. If users are not engaging with the product, it suggests that the product may not be meeting their needs or expectations. By collecting and analyzing user feedback, the startup can gain insights into why users are not engaging with the platform and what changes could potentially increase engagement. This iterative process of refinement based on user feedback can help the startup to improve its product and achieve product-market fit.

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