Asked by Alyssa Palmer on Jun 14, 2024
Verified
Lean start-ups
A) aim to create a sophisticated product with a big budget.
B) focus on increasing their acquisitions.
C) establish a complex and detailed work structure.
D) aim to keep operations as simple as possible.
E) focus on making lives better for underserved populations.
Lean Start-ups
A business approach focusing on minimal viable products, rapid prototyping, and iterative development to efficiently test and develop market-fit solutions.
Operations
Refers to the day-to-day activities and processes undertaken by a business to produce goods or services.
Acquisitions
The act of one corporation acquiring the majority or entirety of another corporation's shares in order to take over its control.
- Understand the essence and difficulties involved in launching and managing a start-up.
Verified Answer
AS
agnes silkyJun 18, 2024
Final Answer :
D
Explanation :
Lean start-ups aim to keep costs and operations as simple as possible, avoiding unnecessary expenses and complexities. This helps in minimizing risks and making quicker decisions.
Learning Objectives
- Understand the essence and difficulties involved in launching and managing a start-up.