Which statement best describes venture teams?
A) A venture team is disbanded after every meeting.
B) A venture team functions as an integral part of the basic organization.
C) A venture team's flexible lifespan may extend over a number of years.
D) A venture team is responsible for looking after all the legal aspects of introducing a new product in the market.

Question

Quizplus · Accepted Answer

Venture teams are formed to focus on specific projects or innovations, and their lifespan can vary greatly depending on the project's scope and requirements. They are not necessarily disbanded after every meeting, nor are they solely responsible for legal aspects of product introduction, and while they can be integral to an organization, their defining feature is their project-focused, flexible duration.

Which Statement Best Describes Venture Teams