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Business Model Prototyping: Definition & Process

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question 1 of 3

What is the best definition of the business model prototype?

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1. When is a business model prototype most useful?

2. When an entrepreneur moves from a raw idea into a written concept, they must avoid the mistake of:

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About This Quiz & Worksheet

This quiz/worksheet combo lets you check your understanding of business model prototyping. The definition of this phrase and its usefulness are topics you need to know for the quiz.

Quiz & Worksheet Goals

Take the quiz to discover how much you know about:

  • Key element of the last step in the business model prototyping process
  • Mistake to avoid when an entrepreneur moves on from a raw idea to a written concept
  • The meaning of business model prototyping
  • At what point a business model prototype is most useful

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the lesson on business model prototyping
  • Information recall - access the knowledge you have gained about iterations
  • Interpreting information - verify that you can read information about when business model prototypes are the most useful and interpret it correctly

Additional Learning

Gain more knowledge by accessing the lesson, Business Model Prototyping: Definition & Process. Other topics you can analyze include:

  • The meaning of an iteration
  • End goal of prototypes
  • Benefits of creating a prototype in business
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