Initial Phase of a Startup
CMAT 2025 · Innovation & Entrepreneurship · Easy · Startup Terminology
Which term refers to the initial phase of a startup when it starts to develop its product?
- A.
Ideation
- B.
Pivoting
- C.
Scaling
- D.
Bootstrapping
Answer
A
Explanation
Ideation refers to the initial phase where conceptual ideas are developed and generated into product concepts.
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