The Term ____________________ Refers to When Founders of a Company

question 24

Short Answer

The term ____________________ refers to when founders of a company alter their product offering, business model, or target market in hopes of crafting a more viable business.

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Definitions:

Graze Cattle

The process of feeding cattle by allowing them to roam and eat grass or other ground vegetation.

Agree

To have the same opinion about something or to consent to a proposal or view.

Interest Rate

The percentage at which interest is paid by a borrower for the use of money they borrow from a lender.

End of Year

A point in time marking the completion of a 12-month period, often used for accounting and evaluating annual performance.