One of the Quickest and Simplest Ways to Screen an Idea

question 36

Multiple Choice

One of the quickest and simplest ways to screen an idea for business potential is through the ______.

• A) use of a pilot test
• B) business model canvas
• C) feasibility study
• D) RBI screen

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Definitions:

Matrix Structure

A matrix structure combines functional and divisional approaches to emphasise project or program teams.

Technical Automobile Parts

Specific components designed for use in the manufacturing and functioning of automobiles, including engine parts, transmissions, and electrical systems.

Organisation Chart

A visual diagram that represents the structure of an organization, showing the relationships and relative ranks of its parts and positions/jobs.

Informal Decision-Making Coalitions

Groups within an organization that form outside of the formal organizational structure to influence decisions based on shared interests or goals.