An entrepreneur who conducts market tests to get early feedback and acquire important learning and information is demonstrating ______.

Question

Quizplus · Accepted Answer

Conducting market tests to get early feedback and acquire important learning and information is an example of exploratory experimentation, which involves exploring new ideas or concepts to improve the chances of success in the future. It also helps entrepreneurs to understand uncertainties in the market and identify potential customers, which can inform future decisions and strategies.

An Entrepreneur Who Conducts Market Tests to Get Early Feedback