Owlet Baby Care, the company profiled in the opening feature of Chapter 3, produces a "smart sock" that can be used to monitor a baby via an app. The feature describes how Owlet Baby Care's founders accidentally validated their business idea when ________.
A) they went on Kickstarter to raise funds
B) they won a business plan competition
C) they were featured on CNBC's Shark Tank
D) parents began inquiring about the product after a video of a mockup of the product somehow got out
E) a big company made a pitch to acquire them
Correct Answer:
Verified
Q14: Does it make sense? Is it reasonable?
Q15: A feasibility analysis is an assessment of
Q16: Describe the purpose of feasibility analysis. When
Q17: _ feasibility is an assessment of the
Q18: Feasibility analysis is the process of determining
Q20: A(n) _ involves showing a preliminary description
Q21: The temptation to show a concept statement
Q22: A(n) _ is a group of firms
Q23: Describe what a concept statement is, and
Q24: According to the textbook, the only way
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