What do we call a venture that has started successfully, figured out its business model, and has expanded its customer base and product or service offerings?
A) A venture concept
B) A prototype
C) A scaled-up venture
D) An early startup

Question

Quizplus · Accepted Answer

A venture that has started successfully, figured out its business model, and has expanded its customer base and product or service offerings is considered a scaled-up venture. This means that the business has achieved a level of success and growth that allows it to expand its operations and reach more customers, while also developing new products or services to meet the changing needs of its target market. A prototype is an early version of a product or service that is still being refined and tested, while a venture concept refers to the initial idea or concept for a new business. An early startup is a business that is still in the early stages of development and has not yet established a clear business model or customer base.

What Do We Call a Venture That Has Started Successfully