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The process in which entrepreneurs test their business models on a small scale before committing serious resources to launch a business that might not work is known as: A) business modeling. B) business prototyping. C) business planning. D) product or service feasibility analysis.

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Answer:

Business Prototyping

Step-by-step explanation:

A prototype is a pre-designed concept or product which is used to test how a product, concept or service will perform on a small scale before going large scale.

Business prototyping is the process where new business ideas and models are pre-tested on a small scale before they go large scale. Entrepreneurs do this to lower the risk associated with starting a business and also to help them in decision making.

Therefore Entrepreneurs use Business prototyping to test business models on a small scale.

User Witek
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Answer: B) Business prototyping

Step-by-step explanation:

User Rajesh Batth
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