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InfoTech's new product team has a norm of backing up each of their computer's hard drives at the end of each working day. This norm developed because one day a computer virus infected the team's computer network and destroyed many important computer files. The cause of this norm was clearly:
Pilot Test
An initial small-scale experiment or trial conducted to evaluate the feasibility, time, cost, risk, and adverse events of an innovative idea or project.
Prototype
A preliminary version, prototype, or iteration of a product developed to evaluate a concept or process, or to serve as an example for replication or educational purposes.
Capital
Financial assets or resources that businesses use to fund their operations and growth, including equity, debt, and other financial instruments.
Exit Strategies
Plans developed by a business or investor to sell, liquidate, or otherwise exit their position in an investment at an appropriate time.
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