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Imagine That You Are an Entrepreneur Making a New Type

question 79

Essay

Imagine that you are an entrepreneur making a new type of whiteboard.The board is exceptionally easy to clean and does not glare when pictures of it are taken.Describe why minimum viable product may or may not be a good choice for this idea.


Definitions:

Pollution

The presence in or introduction into the environment of a substance or thing that has harmful or poisonous effects.

External Benefit

A positive effect experienced by unrelated third parties resulting from a transaction or activity.

Subsidizing

The act of a government or organization providing financial support to reduce the cost of goods or services, often to encourage production or consumption.

External Benefit

A benefit that affects parties other than the buyers or sellers involved in a transaction, similar to a positive externality.

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