Question

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 ________.

Answer 1

Answer: Business Prototyping

Step-by-step explanation:

The business prototyping is one of the concept that helps in understanding all the industrial standard procedural by applying the similar type of method and ideas in the business organization.

In the inventing process it is essential for creating the business prototyping process based on the specific vision.

According to the given question, the business prototyping is used by the entrepreneurs for the purpose of testing the business model before their launch on very small scale.

Therefore, Business prototyping is the correct answer.