According to the Text,you Are Not Ready to Decide Whether

question 7

True/False

According to the text,you are not ready to decide whether a business idea is viable until you have talked to at least 50 potential customers.

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Definitions:

Reorder Period

The time interval between placing orders for supplies or inventory to replenish stock.

Lead Time

The total time that elapses between the initiation and completion of a process, such as the period from placing an order to delivery of a product.

Re-Order Point

The reorder point is the level of inventory that triggers an action to replenish that particular inventory stock, ensuring a seamless operation without stockouts.