Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
theoretical modeling
B
hands-on experimentation
C
market speculation
D
passive observation
Understanding the Answer
Let's break down why this is correct
Answer
Entrepreneurs often engage in rapid prototyping to validate their business ideas through iterative development and real‑world feedback. They build a simple, early version of their product, launch it to a small group of users, and gather responses. By analyzing what works and what doesn’t, they refine the design in short cycles. For example, a startup might release a basic app to a handful of testers, collect usage data, then adjust features before a full launch. This hands‑on approach lets them learn what customers really need while keeping costs low.
Detailed Explanation
Hands‑on experimentation lets entrepreneurs try a product or service in real life, see how people react, and then change the idea. Other options are incorrect because Theoretical modeling focuses on plans and numbers without real testing; Market speculation assumes customers will buy without proof.
Key Concepts
Learning-by-doing techniques
Entrepreneurial experimentation
Iterative development
Topic
Learning-by-Doing Techniques
Difficulty
hard level question
Cognitive Level
understand
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