After months of sharing his fitness venture with his high school football team and receiving feedback,Jarod decided to start promoting it on Facebook.This illustrates what concept?

Question

Quizplus · Accepted Answer

The scenario describes the process of testing and validating an idea (fitness venture) by gathering feedback from a target audience (high school football team) before marketing it on a social media platform (Facebook). This aligns with the practice of entrepreneurship, which involves identifying and pursuing opportunities to create and deliver value through innovative products or services. Serial entrepreneurship refers to starting and running multiple businesses over time, while franchising involves replicating a successful business model through licensing or other arrangements. Managerial thinking pertains to the application of management principles and practices to enhance organizational performance.

After Months of Sharing His Fitness Venture with His High