A temporary organization in search of a scalable business model is known as a(n)______.
A)startup
B)corporation
C)LLC
D)entrepreneur

Question

Quizplus · Accepted Answer

A startup is a temporary organization that is in search of a scalable and profitable business model. It is characterized by experimentation, innovation, and risk-taking, and its ultimate goal is to grow and dominate its market. While corporations and LLCs are also types of businesses, they are typically established with a more concrete and established business model already in place, whereas a startup is still in the experimental phases of establishing its business model. An entrepreneur is an individual who starts and manages a business, but not all entrepreneurs are necessarily involved in startup ventures.

A Temporary Organization in Search of a Scalable Business Model