Business incubators work best with which of the following type of firms?

Question

Quizplus · Accepted Answer

Service firms, such as technology startups or consulting practices, are generally the best fit for business incubators. These types of firms usually have lower capital requirements and benefit from access to resources and mentorship to help them develop their business models and grow their customer base. Manufacturing firms and retail firms, on the other hand, may require a larger investment in equipment or inventory, and may need to focus more on market research and sales strategies. Accounting firms, while valuable for other reasons, are not typically the right kind of business to benefit from an incubator environment.

Business Incubators Work Best with Which of the Following Type