Which of the following best describes the purpose of a founding team?
A)to brainstorm business ideas,finding one that will be most profitable
B)to build and grow the company and provide economic and social returns
C)to fund the business and create its business structure
D)to finalize the business product or service

Question

Quizplus · Accepted Answer

The purpose of a founding team is to build and grow the company, and ultimately provide economic and social returns. While brainstorming business ideas may be a part of forming a founding team, it is not the sole purpose. Funding and creating the business structure may also be important aspects, but these are means to the ultimate end goal of building and growing a successful company. Finalizing the business product or service may fall under the purview of the founding team, but again, this is a means to the end of building a successful company.

Which of the Following Best Describes the Purpose of a Founding