Question

A(n) ________ is the group of founders, key employees, and advisers that either manage or help manage a new business in its startup years. A) opening team B) entrepreneurial team C) scout team D) launch team E) new venture team

Answer 1

E) new venture team

Step-by-step explanation:

A new venture team is a group of specialists assembled to transform a business idea into a fully functioning firm. A new venture team is composed of critical employees, advisers, and founders. The team supervises the start-up activities, attends to all details, including financing, and manages the initial operations of the business.

An organization that is diversifying in a different type of business requires a new venture team to help it bring the new idea to life. The organization may use its existing employees or hire consultants. Entrepreneurs need a group of experts from different disciplines, such as finance, technical, and law, to execute their business idea.