The test whether the entrepreneurial business model is repeatable and scalable is through ________.

Question

Quizplus · Accepted Answer

Customer validation is the process of testing the business model with potential customers to determine if it is repeatable and scalable. This includes getting feedback on the product or service, pricing, and marketing strategies. Customer discovery is a related process but is focused on identifying the needs and wants of potential customers. Feasibility studies and contingency planning are important parts of starting a business but do not specifically address the question of whether the business model is repeatable and scalable.

The Test Whether the Entrepreneurial Business Model Is Repeatable and Scalable