LuminAid, the Company Profiled in the Opening Feature of Chapter

question 43

Multiple Choice

LuminAid, the company profiled in the opening feature of Chapter 3, was started to produce solar pillows, which are solar powered devices that are simple and can be easily and affordably shipped to disaster locations. The feature describes how LuminAid sought to validate its business idea. According to the feature ________.

• A) LuminAid was unable to validate its business idea and the idea was dropped
• B) LuminAid's feasibility analysis was incomplete, and the company has struggled ever since it was launched
• C) LuminAid's feasibility analysis was flawed, and the company failed
• D) LuminAid did an exemplary job validating its business idea, and its solar pillow is now available via the company's Web site, Amazon.com, LL Bean and several similar outlets
• E) LuminAid's feasibility analysis was well done, and the company was acquired by Coleman before it could launch its solar pillow as an independent company

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Definitions:

United States

A country located in North America, comprising 50 states and known for its significant economic and political influence globally.

Population B

A term that could specify a second or particular subgroup within a larger population for study or analysis.

Income Distribution

Describes how a nation's total earnings are spread among its population, affecting economic inequality.

Household Income

The combined gross income of all members of a household, serving as a measure for various economic indicators and eligibility for financial assistance programs.