A new venture's "burn rate"is important for an entrepreneur to know because it indicates how quickly customers leave the business after trying its goods or services.

Name: A new venture's "burn rate"is important for an entrepreneur to know because it indicates how quickly customers leave the business after trying its goods or services.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The "burn rate" refers to the rate at which a new venture spends its capital, not how quickly customers leave the business.

A New Venture's "Burn Rate"is Important for an Entrepreneur to Know