Which of the following statements is true of a venture team?
A)It is a cross-functional team responsible for all of the tasks involved in the development of a new product.
B)It is a team that is only responsible for processing the venture capital for a business idea of a firm's new product.
C)It is a cross-functional team that manages and monitors the existing products of a firm.
D)It is a team whose primary duty involves conducting product audits to identify sick products and delete them.

Question

Quizplus · Accepted Answer

A venture team is a cross-functional team responsible for all of the tasks involved in the development of a new product, from ideation to commercialization. This includes tasks such as market research, product design, engineering, and marketing strategy.

Which of the Following Statements Is True of a Venture