Asked by Sarah Gittins on Jun 28, 2024
Verified
Lean start-ups are permanent, cost-intensive organizations.
Lean Start-ups
A methodology for developing businesses and products that emphasizes rapid prototyping, a focus on customer feedback, and iterative design, to reduce market risks and costs.
Cost-intensive Organizations
Businesses or entities that require substantial financial investment in resources, technology, or labor to operate effectively.
- Comprehend the importance of being a first-mover and the principles of lean startup methodologies.
- Understand the difficulties and causes of failure in startup enterprises.
Verified Answer
BM
brandy martinJun 30, 2024
Final Answer :
False
Explanation :
The very essence of a lean start-up is to reduce costs by eliminating unnecessary expenses and scaling operations as needed. The goal is to create a sustainable and profitable business model without relying on excessive funding or overhead costs.
Learning Objectives
- Comprehend the importance of being a first-mover and the principles of lean startup methodologies.
- Understand the difficulties and causes of failure in startup enterprises.
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