Question

When entrepreneurs come up with new ideas, they go through a series of steps to make sure their idea is feasible and profitable with the first step involving the use of things like surveys, focus groups, interviews, and field trials to figure out what the market wants. What kind of techniques are used in this first step? (1 point) Responses market research techniques market research techniques reliability techniques reliability techniques cold calling techniques cold calling techniques intrinsic advertising techniques
GPT-4 Turbo
market research techniques
Hao Kan
What term refers to the act of meeting, conversing, and exchanging information with others with the goal of expanding business contacts? (1 point) Responses pivoting pivoting networking networking recruiting recruiting persevering
GPT-4 Turbo
networking
Hao Kan
What law was enacted to protect the maltreatment of those 40 years or older and states that employers cannot fire their employees because of their age, nor deny or reduce their benefits? (1 point) Responses the Ageism Affordability Act (AAA) the Ageism Affordability Act (AAA) the Disability Protection Act (DPA) the Disability Protection Act (DPA) the Age Discrimination in Employment Act (ADEA) the Age Discrimination in Employment Act (ADEA) the Elderly Enforcement Act (EEA) the Elderly Enforcement Act (EEA)
GPT-4 Turbo
the Age Discrimination in Employment Act (ADEA)
Hao Kan
Once an idea is formed, the next phase is to create the most basic form of the intended product or service referred to as _____. (1 point) Responses networking process networking process pivot plan pivot plan TBD (to be determined) TBD (to be determined) MVP (minimum viable product)
GPT-4 Turbo
MVP (minimum viable product)