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What type of small business is usually run by a team rather than one individual, and expands rapidly ...
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What type of small business is usually run by a team rather than one individual, and expands rapidly ...
What type of small business is usually run by a team rather than one individual, and expands rapidly by obtaining capital investment and introducing new products to a large market?
▸ Lifestyle
▸ Primary
▸ High-growth ventures
▸ Niche
▸ Unproven
Textbook
Business in Action
Edition:
9
th
Authors:
Bovee, Thill
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High-growth ventures
Some firms are small simply because they are young, but they have ambitious plans to grow. These high-growth ventures are usually run by a team rather than by one individual, and they expand rapidly by obtaining a sizable supply of investment capital and by introducing new products or services to a large market.
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