What Is Lean Entrepreneurship

question 14

Multiple Choice

What is lean entrepreneurship?

• A)A methodology for developing businesses and products through hypothesis-driven experimentation,iterative product releases and validated learning
• B)A plan for developing businesses and products through experimentation
• C)A methodology for developing products driven through experimentation
• D)An iterative process for validated learning

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Definitions:

Quality Costs

Expenses associated with preventing, detecting, and correcting defective work, including costs of inspections, tests, and warranties.

Prevention

Measures or actions taken to reduce the risk of errors, defects, or damages in a production process or operation.

Appraisal

An evaluation, usually by an expert, to determine the value of a property or asset.

Quality Cost Report

A report that details prevention costs, appraisal costs, and the costs of internal and external failures.