Final answer:
The process that focuses on creating a working product by starting with a minimum number of requirements and continuously iterating through development and testing is the Agile methodology.
Step-by-step explanation:
The approach that focuses on setting a minimum number of requirements and turning them into a working product is known as Agile methodology. Agile methodology is a practice that promotes continuous iteration of development and testing throughout the software development lifecycle of the project. The process involves identifying a problem or need, defining requirements and constraints, generating ideas (often through brainstorming), and then using these to evaluate possible solutions. A prototype is then designed, built, and tested. Feedback from testing is used to refine the design, requiring potentially many iterations. This approach is contrasted with other methodologies that may have more rigid structures or that aim to deliver a complete product in a single launch.