According to Research Studied, What Element Was Reported as the Most

question 22

Multiple Choice

According to research studied, what element was reported as the most important factor to new venture success?

• A)the uniqueness of the product or service to fulfill a customer need
• B)the financial support to help the company through the initial years
• C)the lead entrepreneur and quality of the initial team
• D)the lead entrepreneur

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Definitions:

Upscale Demographics

A term used to describe a segment of the population that is characterized by high income, education, and occupation levels; often targeted by specific marketing strategies.

Weapons of Mass Destruction

Weapons capable of causing widespread death and destruction, including nuclear, chemical, and biological weapons.

Kyoto Treaty

An international agreement adopted in 1997 aiming to reduce greenhouse gas emissions and combat global warming, which the United States signed but did not ratify.

Vertical Integration

A strategy where a company expands its business operations into different steps on the same production path, such as when a manufacturer owns its supplier and/or distributor.