Why Is Experimentation Required

question 69

Multiple Choice

Why is experimentation required?

• A)to meet the requirements of investors and loan officers
• B)to strengthen ideas
• C)to help with inspiration
• D)to form customer-satisfaction scales

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Definitions:

Profit

represents the financial gain obtained when the revenue from business activities exceeds the expenses, costs, and taxes involved in sustaining the activity.

Stakeholders

Individuals, groups, or organizations that have an interest or stake in the outcomes of a company's actions, decisions, and policies, including employees, customers, investors, and communities.

Conscious Marketing

An approach to marketing that focuses on making positive decisions that consider the welfare of customers, employees, community, and the environment.

Marketplace

A space, physical or digital, where buyers and sellers come together to transact goods and services.