The majority of new firms go through similar startup processes with those most likely to be successful following a four-step process: Finance,Construct,Promote,Demonstrate.

Question

Quizplus · Accepted Answer

This statement is incorrect. The four-step process commonly followed by new firms are Idea generation, Market research, Product development, and Commercialization. Finance, Construct, Promote and Demonstrate may be part of this process but are not the only steps followed by successful startups.

The Majority of New Firms Go Through Similar Startup Processes