alleryWhy should a startup validate market need before launching?
ATo avoid ideas with weak demand
BTo avoid paying any employee wages
CTo avoid every tax filing forever
DTo avoid choosing any office location
Answer & Solution
Correct answer: A. To avoid ideas with weak demand
Validating the market need first avoids business ideas with weak demand, so the startup does not build something nobody wants.
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?