ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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newly established business
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two companies merging together
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an old traditional company
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None of the above
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Detailed explanation-1: -A startup company is a newly formed business with particular momentum behind it based on perceived demand for its product or service. The intention of a startup is to grow rapidly as a result of offering something that addresses a particular market gap.
Detailed explanation-2: -Understanding Startups Startups are young companies founded to develop a unique product or service, bring it to market and make it irresistible and irreplaceable for customers.
Detailed explanation-3: -Startups are typically defined as new businesses that are small, fast-growing, agile, and often characterized by innovation. Established companies, on the other hand, are mature organizations with a long history of success, a well-developed corporate culture, and a reputation for stability.
Detailed explanation-4: -A start-up business is one that. is newly created.