What is the true litmus test for a venture concept?

a. Whether or not the customer sees value in the concept and is willing and able to pay for
it
b. Whether or not customers are at least willing to try your product
c. An experiment that proves your prototype works
d. Whether or not the customer reacts positively to the concept


a. Whether or not the customer sees value in the concept and is willing and able to pay for
it

Business

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Tom and his fiancée Susan decided to have their wedding on a beach in Acapulco, Mexico. Local businesses provided most of the services for the wedding, such as the limousine and the catering services. Throughout the weekend of the wedding, the couple found that workers and limos arrived late; so did the priest who was performing the wedding. In response to the couple's frustration, the Mexican workers remarked, "Ustedes tienen que ser flexibles," which in English means "You have to be flexible with time." This attitude regarding time is

A. inflexible. B. polychronic. C. cultural. D. monochronic. E. one-dimensional.

Business

Political risk is directly proportional to a country's stage of economic development

Indicate whether the statement is true or false

Business

What are the six ways people perceive the environment around them? Describe a favorite restaurant experience using these six factors of perceptions of environment.

What will be an ideal response?

Business

Launching a fighter brand is an effective way to deal with a situation in which the market segment being lost is price sensitive and will not respond to arguments of higher quality

Indicate whether the statement is true or false

Business