Asked by Silvia Gopalakrishnan on Jun 26, 2024
Verified
The goal of business incubators is to
A) ensure that established businesses retain their competitive advantage.
B) aid third generation family businesses resolve family business feuds.
C) formulate a succession plan for established family businesses.
D) increase the survival rates for new start-ups.
E) establish social enterprises.
Business Incubators
Entities structured to boost the development and prosperity of start-up businesses by offering a variety of business support tools and services.
Survival Rates
The percentage of individuals or entities that continue to exist after a certain period of time or through specific challenges.
Start-Ups
Newly established businesses often characterized by innovation and aimed at fulfilling a specific market need or niche.
- Comprehend the assistance frameworks available for small enterprises, encompassing business incubators and development centers.
Verified Answer
Learning Objectives
- Comprehend the assistance frameworks available for small enterprises, encompassing business incubators and development centers.
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