A _____ Is That Version of a Product That Contains

question 12

Multiple Choice

A _____ is that version of a product that contains just enough of the functionality and value proposition to attract early adopters who provide feedback and help an entrepreneur develop a final product for the mass market.

• A) prototype
• B) clinical trial
• C) discovery
• D) minimum viable product (MVP)
• E) complementary product

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Definitions:

Management Buyout

The acquisition of a company's controlling share by its management team, often with the assistance of external financiers.

Going-Private Transaction

A process in which a publicly traded company is transformed into a privately held entity by buying out the public shareholders.

Borrowed Funds

Money that has been obtained through loans or issuance of debt, which must be repaid along with interest.

Going-Private Transaction

A going-private transaction involves the buyout of all of a publicly traded company's shares, resulting in the company becoming privately owned.