A Business Model Is an Original, Functional Model of a New

question 94

True/False

A business model is an original, functional model of a new product that entrepreneurs can put into the hands of potential customers so that they can see it, test it, and use it.

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Definitions:

Causal Relationship

A connection between two variables where a change in one directly causes a change in the other.

Research Design

The overall strategy that outlines the approach for collecting, analyzing, and interpreting data in a research study.

Variables

Elements or factors within a research study or experiment that can change and potentially affect the outcome of the study.

Test The Hypothesis

A process in scientific research where an assumption is investigated through controlled experiments or observations to determine its validity.