What I Know
tion
Circle T if the statement is TRUE and F if the statement is
FALSE

1.
Market acceptability is a critical factor that the
entrepreneur must validate before launching the
product or service.
2.
The entrepreneur must test a similar line of products or the
competitors' product or service itself to compare and get the
best practices to be applied to the new product or service.
3.
The objective of the FGD is to identify crrors,
deficiencies, and issues that may impede the success
of the product.
4.
Creating a prototype provides the entrepreneur a
window to test the performance and specifications of
various materials and service processes.
5.
The entrepreneur must examine every stage of the
manufacturing process or every process of the service
blueprint to evaluate and finalize the costs involved.
6.
The product or service description simply describes how a
productor service works and how it benefits the
customers.
7.
Prior to launching, the entrepreneur must ensure that
the product or service complies with all relevant laws
and business,
8.
A prototype helps the entrepreneur effectively describe
the product or service to the product team.
9.
Creating a prototype enables the entrepreneur to engage
in trial- and-error provides room for improvements, and
refines the functionality of the product design or service
process,
10.
A prototype is a preliminary model or sample of a new
product or service that is created to test a product
concept or service process,
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