The micro strategy process repeats itself over and over again and with each successful outcome, the new business is moved toward a complete ____.
A)prototype
B)proof of concept
C)business plan
D)feasibility test
E)executive summary

Question

The micro strategy process repeats itself over and over again and with each successful outcome, the new business is moved toward a complete ____. ​
A)prototype
B)proof of concept
C)business plan
D)feasibility test
E)executive summary

Quizplus · Accepted Answer

A proof of concept is a demonstration to verify that certain concepts or theories have the potential for real-world application. In the context of the micro strategy process, each successful outcome helps in moving the new business closer to a proof of concept, showcasing the viability of the business idea.

The Micro Strategy Process Repeats Itself Over and Over Again