Answer the following statement(s) true (T) or false (F)

11. The main problem regarding experience in the role of decision making is that some new ideas are better than convention or what we thought we knew.
12. A pilot experiment is a large-scale study to assess the feasibility of a product or service.
13. When gathering data about customers, it is almost impossible to observe direct outcomes of advertising.
14. An entrepreneur following the scientific process of experimentation should conduct background research before forming a hypothesis.
15. Entrepreneurs should avoid experimenting with potential customers.


11. True
12. False
13. True
14. True
16. False

Business

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