Harvesting an entrepreneurial venture occurs when the venture ________.
A)has a hit product
B)is successful
C)is sold
D)becomes profitable

Question

Quizplus · Accepted Answer

Harvesting an entrepreneurial venture occurs when the venture is sold. This can happen when the entrepreneur decides to exit the business and sell it to new owners or merge with another company for a profit. Harvesting can also occur through an initial public offering (IPO), where shares of the company are sold to the public for the first time. A hit product, success, or profitability may be factors that contribute to the decision to sell or go public, but they are not the definition of harvesting.

Harvesting an Entrepreneurial Venture Occurs When the Venture ________