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When building a product, what is the key difference between Agile and Waterfall methodologies?

Agile is designed for multiple sprints and flexibility, while Waterfall requires full documentation and planning before building.

Agile requires full documentation before building, while Waterfall allows for flexibility and iterations.

Agile works exclusively for software, while Waterfall is meant for hardware.

Agile is only for physical products, while Waterfall is for software products. $$