The correct answer to the following question will be "Option 4".
Explanation:
Group seems to have a backlog optimization conversation with either the company owner after each iteration to obtain insight about the backlog things to have been collected in the future iterations or executions.
Without the need to get feedback on the backlog or pending things in preparation for potential implementations.
The next phase brings the dedicated backlog to completion. Iteration targets are calculated, based on dedicated research.