One effective documentation technique involves ________,in which entrepreneurs test their business models on a small scale before committing serious resources to a business.
A)forecasting
B)business prototyping
C)collateral
D)None of the above

Question

Quizplus · Accepted Answer

Business prototyping involves testing a business model on a small scale before committing significant resources to it. This documentation technique helps entrepreneurs identify potential flaws or areas for improvement before fully launching their business, reducing the risk of failure and saving time and money in the long run. Forecasting and collateral are other documentation techniques, but they do not involve testing the business model on a small scale.

One Effective Documentation Technique Involves ________,In Which Entrepreneurs Test Their