A New-Venture Team Is a Unit Separate from the Rest

question 141

True/False

A new-venture team is a unit separate from the rest of the organization that is responsible for developing and initiating a major innovation.

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Definitions:

Prompt Payment

Timely payment for goods or services, often within a specified period to avoid penalties or to qualify for discounts.

Credit Sale

A transaction where the payment for goods or services is deferred, allowing the buyer to pay at a later date.

Firm Deposits

Deposits made by a firm that are typically fixed for a certain term or period, which might earn interest.

Bank Credits

The aggregate amount of credit available to a borrower from the banking system.