The Practice of Hypothesizing,testing,and Validating to Create a Business Model

question 43

Multiple Choice

The practice of hypothesizing,testing,and validating to create a business model is called ______.

• A)scientific entrepreneurship
• B)evidence-based entrepreneurship
• C)business planning
• D)customer value planning

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Definitions:

Working Backwards

Working backwards is a problem-solving strategy that involves starting with the conclusion or desired outcome and then deducing the steps needed to reach that outcome.

Applied Geology

Applied geology is the practical application of geological principles and techniques to solve problems in everyday life, including engineering, environmental assessments, and natural resource management.

Divergent

Moving or extending in different directions from a common point; in thinking, it refers to exploring many possible solutions or ideas.

Decisive

Characterized by or displaying no or little hesitation; firm or determined in making choices or decisions.