During which of the following venture life cycle stages is the entrepreneur concerned with choosing the initial organizational form?
A)development stage
B)startup stage
C)survival stage
D)rapid-growth stage

Question

Quizplus · Accepted Answer

The startup stage is when the entrepreneur is concerned with choosing the initial organizational form. This includes deciding on the legal structure of the business, choosing a business name, and registering the company. The entrepreneur must also establish a basic accounting system, set up business operations, and secure any necessary licenses or permits.

During Which of the Following Venture Life Cycle Stages Is