According to the threshold concept,which of the following ventures is likely to overcome failure?
A) A venture that reaches a critical mass of 10 people with $500,000 in revenues
B) A venture that reaches a critical mass of 5 people with $2 million in revenues
C) A venture that reaches a critical mass of 15 people with $2.5 million in revenues
D) A venture that reaches a critical mass of 6 people with $1.5 million in revenues

Question

Quizplus · Accepted Answer

According to the threshold concept, reaching a critical mass is crucial for a venture's success. A critical mass is defined as the point where the venture has enough resources, customers, and infrastructure to sustain itself. The critical mass varies depending on the industry and business model. In this case, option C is the best choice because it reaches a critical mass of 15 people with $2.5 million in revenues, which indicates a sustainable venture with enough resources to grow and overcome potential failure. Options A and D have lower revenues with smaller critical masses, which may not be enough to sustain the venture in the long term. Option B has high revenues but a smaller critical mass, which may indicate lower efficiency and scalability.

According to the Threshold Concept,which of the Following Ventures Is