Question: The Lean Launch Pad (LLP) approach to new ventures involves searching for an appropriate business model. All of the following entries regarding this process are

The Lean Launch Pad (LLP) approach to new

The Lean Launch Pad (LLP) approach to new ventures involves searching for an appropriate business model. All of the following entries regarding this process are true, except for one entry which is incorrect. Select the incorrect entry. (Select one.) The first set of activities is to develop hypotheses that can be tested as part of the LLP process. 0 o b The vision of the founders and their assumptions about the intended market play an important role in the LLP process. 0 c. Extensive interviews with potential customers, partners and suppliers is an essential part of the search for an appropriate business model 0 u nd The value of the venture business model depends heavily on the quality of the business plan on which it is based

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