Stephen Offers Discounts on His Product, Explaining That the Savings

question 30

Multiple Choice

Stephen offers discounts on his product, explaining that the savings are due to prelaunch discounts.This is an example of what bootstrapping strategy?

• A)product testing
• B)pilot studies
• C)penny pinching
• D)customer acquisition

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Definitions:

Legal Duty

An obligation arising from law, requiring an individual or entity to conform to a standard of conduct or to perform certain actions.

Business Invitees

Individuals who enter premises for a purpose directly or indirectly related to the business of the premises owner, who owes them a high duty of care.

Negligently

The failure to take reasonable care to avoid causing injury or loss to another person, resulting from the lack of attention or due diligence.

Liability

A legal obligation or responsibility to make restitution or compensation for harm or damage caused to another party.