Which of the following statements is true of 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 develop and execute new business ventures or projects. They have a flexible lifespan, which means they may exist for a few months or several years. Option A is incorrect because venture teams are not disbanded after every meeting. Option B is incorrect because the venture team is a separate group that may or may not be integrated into the basic organization's structure. Option D is incorrect because the legal aspects of introducing a new product are usually handled by the legal department or outside counsel, not the venture team.

Which of the Following Statements Is True of Venture Teams