Which of the Following Is a Fatal Mistake Entrepreneurs Can

question 18

Multiple Choice

Which of the following is a fatal mistake entrepreneurs can make when doing their venture concept reality check research?

• A) Talking to too many target customers
• B) Failing to talk to that magic number of 100 customers
• C) Failing to gain target customer insight with regard to the go-to-market aspects of the venture
• D) Failing to talk to all competitors

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Definitions:

Mutuality

Partners’ acknowledgment that their lives are intertwined and thinking of themselves as a couple (“us”) instead of as two separate individuals (“me” and “you”).

Parasocial Relationship

A type of one-sided relationship where an individual becomes attached to a media persona or character without any reciprocal interaction.

Commitment

Partners’ investment of time, effort, and resources in their relationship, with the expectation that it will continue indefinitely.

Mutuality

The quality or condition of mutual transactions, exchanges, or feelings, implying a reciprocal relationship characterized by mutual respect or concern.