Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
Develop a hypothesis
B
Gather feedback
C
Test the hypothesis in real-world scenarios
D
Refine the business idea based on feedback
Understanding the Answer
Let's break down why this is correct
Answer
First you brainstorm a concept and sketch out a rough idea of what you want to offer. Then you quickly build a simple prototype or pilot version of that idea to put it in front of real people. After seeing how customers react, you gather feedback, tweak the product or service, and repeat the testing until the offering fits the market. Finally, you solidify the business plan, refine the model, and launch a polished, customer‑validated product. For example, a student might dream of a new smoothie drink, create a small batch, serve it at a campus fair, adjust the recipe based on taste tests, and then open a full‑time shop.
Detailed Explanation
You start by forming a clear hypothesis about what you want to learn or test. Other options are incorrect because Many think feedback is first, but feedback only tells you what happened after you try something; Testing comes after the hypothesis.
Key Concepts
Learning-by-Doing Techniques
Lean Startup Method
Hypothesis Testing
Topic
Learning-by-Doing Techniques
Difficulty
medium level question
Cognitive Level
understand
Practice Similar Questions
Test your understanding with related questions
1
Question 1Arrange the following steps in the correct order for applying learning-by-thinking methods in entrepreneurship: A) Analyze the situation and gather relevant data B) Evaluate potential options based on the analysis C) Make a decision based on the evaluation D) Reflect on the outcomes to improve future decisions
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Question 2In the context of learning-by-doing, which approach best exemplifies the iterative process of refining a business idea through real-world feedback?
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Question 3What is the primary reason that learning-by-doing techniques lead to more successful business ideas?
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Question 4Which of the following statements accurately describe learning-by-doing techniques in entrepreneurship? Select all that apply.
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Question 5In the context of learning-by-doing, which approach best exemplifies the iterative process of refining a business idea through real-world feedback?
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Question 6What is the primary reason that learning-by-doing techniques lead to more successful business ideas?
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Question 7Order the steps in the learning-by-doing technique process from initial concept to refined business idea.
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Question 8Which of the following statements accurately describe learning-by-doing techniques in entrepreneurship? Select all that apply.
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