What Are the Advantages and Disadvantages of Prototyping? Describe the Steps

question 45

Essay

What are the advantages and disadvantages of prototyping? Describe the steps in prototyping.Give at least two circumstances under which prototyping might be useful.

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Definitions:

Common Stock

A type of security that represents ownership in a corporation, giving holders voting rights and a share in the company's profits through dividends.

Partnership

A Partnership is a legal form of business operation between two or more individuals who share management and profits.

Capital Accounts

Accounts on a company's balance sheet that represent the cumulative amount of equity invested by shareholders and retained earnings.

Net Income

The profit of a company after all expenses and taxes have been deducted from total revenue.