According to the Text,a Disadvantage of Bootstrapping and Building Up

question 47

True/False

According to the text,a disadvantage of bootstrapping and building up a business piece by piece is that you're less likely to generate a larger customer base.

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Definitions:

Penguin

A flightless bird native to the Southern Hemisphere, known for its distinctive black and white plumage and ability to swim.

Belief Perseverance

The tendency to maintain one's convictions even in the face of contradictory evidence.

Availability Heuristic

A psychological shortcut made by referencing the initial instances that pop into an individual's head when considering a certain theme, notion, approach, or decision-making process.

Confirmation Bias

An inclination towards sourcing, understanding, valuing, and recollecting insights that reinforce one's standing beliefs or presumptions.