A __________ is an independent company producing a product or service similar to that produced by the entrepreneur's former employer.
A) franchise
B) business incubator
C) spin-off
D) new business
E) None of these choices.

Question

Quizplus · Accepted Answer

A spin-off is a new independent company launched by an entrepreneur or group of entrepreneurs who used to work for the same parent company. The product or service offered by the spin-off typically resembles what was produced by the parent company.

A __________ Is an Independent Company Producing a Product or Service