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 small version of their idea, see what happens, and change it if needed. Other options are incorrect because The idea that just building a theoretical model is enough ignores the need to test in reality; Market speculation means guessing what customers want without evidence.
Key Concepts
Learning-by-doing techniques
Entrepreneurial experimentation
Iterative development
Topic
Learning-by-Doing Techniques
Difficulty
hard level question
Cognitive Level
understand
Practice Similar Questions
Test your understanding with related questions
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