Entrepreneurs have a dilemma of how to perform research and development (R&D) that will result in a high-quality, engineered _____ as quickly and as inexpensively as possible with limited resources.
A) clinical trial
B) launch strategy
C) market test
D) prototype
E) marketing plan

Question

Quizplus · Accepted Answer

The correct answer is "prototype" because R&D efforts in entrepreneurship are typically focused on developing a high-quality, engineered prototype of a product. This allows entrepreneurs to test, refine, and eventually market their innovations. Clinical trials, launch strategies, market tests, and marketing plans are subsequent steps or different aspects of bringing a product to market.

Entrepreneurs Have a Dilemma of How to Perform Research and Development