Identify which is true of entrepreneurial ventures.
A) Companies offering mundane products cannot hope to gain competitive advantage.
B) For start-ups, failure is an exception rather than the rule.
C) Successful companies do not always require a cutting-edge technology or an exciting new product.
D) Acquiring venture capital is essential to the success of all start-up businesses.
E) The odds of survival of an entrepreneurial venture worsen if it grows to at least 10 or 20 people.

Question

Quizplus · Accepted Answer

Successful companies do not always require a cutting-edge technology or an exciting new product. In fact, many successful companies offer mundane products or services that meet a basic need in the market. Additionally, not all start-ups succeed, with failure being a common occurrence in the entrepreneurial world. Acquiring venture capital can be helpful for some start-ups, but it is not essential for success. Finally, the odds of survival for a start-up can be influenced by many factors, but simply growing to a certain size is not a guaranteed negative factor.

Identify Which Is True of Entrepreneurial Ventures