alleryWhat is a startup, in short?
AA government office that fixes all taxes
BA new company testing a scalable business model
CAn old shop that has closed down for good
DA school that trains new teachers for towns
Answer & Solution
Correct answer: B. A new company testing a scalable business model
A startup is a company or project that an entrepreneur undertakes to develop and validate a scalable business model.
Keep practising Building Blocks in Economics
Browse all Building Blocks in Economics questions for CBSE Class 9, or explore more Social Science topics.
Related questions
What is one way entrepreneurs can exploit opportunities?What does bootstrapping try to minimise?Which two thinkers defined entrepreneurship in terms of risk-taking?What do venture capital firms take for seed money?What do revenue-based financing lenders receive for growth capital?Which activity describes startup investing?What is an internal startup in a large company?When is a startup usually in its seed round?