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They emphasize hands-on experimentation with business ideas.
They focus solely on theoretical knowledge without practical application.
Feedback from real-world experiences is crucial for refining concepts.
Iterative development is an essential component of the process.
They completely eliminate the need for market research.
Understanding the Answer
Let's break down why this is correct
Learning‑by‑doing means you try a business idea in real life, see what happens, and then change it. Other options are incorrect because The idea that learning‑by‑doing is only theory is wrong; Learning‑by‑doing does not replace market research.
Key Concepts
Learning-by-Doing Techniques
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Definition
Learning-by-doing techniques focus on hands-on experimentation and iterative development of business ideas. Entrepreneurs engage in practical activities to test hypotheses, gather feedback, and refine their concepts through real-world experiences.
Topic Definition
Learning-by-doing techniques focus on hands-on experimentation and iterative development of business ideas. Entrepreneurs engage in practical activities to test hypotheses, gather feedback, and refine their concepts through real-world experiences.
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