The process of testing the business model on a small scale before committing serious resources to launch a business that might not work is called:
A)benchmarking.
B)business prototyping.
C)scaling.
D)lean modeling.

Question

Quizplus · Accepted Answer

Business prototyping involves testing the business model on a small scale before launching a full-fledged business. Benchmarking is the process of comparing business processes and performance metrics to industry bests. Scaling refers to expanding a business that has already proven successful. Lean modeling is a methodology for developing business models which emphasizes flexibility and efficiency.

The Process of Testing the Business Model on a Small