If a startup budget is tight, a business idea's promise is likely to be determined by the entrepreneur's ability to
A) hire competent employees.
B) grow quickly.
C) test market reactions to gauge its odds for success.
D) capitalize on the availability of cutting-edge technology.

Question

Quizplus · Accepted Answer

When a startup budget is tight, testing market reactions is crucial to determine the potential success of the business idea. This can include market research, surveying potential customers, or creating prototypes to gather feedback. Hiring competent employees and capitalizing on cutting-edge technology may be beneficial, but without the foundation of market validation, the idea may not have a strong chance for success. Growing quickly can also be difficult without proper validation and resources.

If a Startup Budget Is Tight, a Business Idea's Promise