Which of the following is true of entrepreneurial ventures?
A) Companies offering mundane products cannot hope to gain competitive advantage.
B) For start-ups, failure is an exception rather than the rule.
C) Successful companies do not always require a cutting-edge technology or an exciting new product.
D) Acquiring venture capital is essential to the success of all start-up businesses.
E) The odds of survival of an entrepreneurial venture worsen if it grows to at least 10 or 20 people.

Question

Quizplus · Accepted Answer

Successful companies can offer products or services that are not necessarily cutting edge or novel. It is also possible to gain a competitive advantage with mundane products by adopting effective branding and marketing strategies. The other choices are not true- start-up failure rates are generally high, venture capital is not essential to success, and growing a company to 10 or 20 people can actually increase its odds of survival.

Which of the Following Is True of Entrepreneurial Ventures