Identify which is true of entrepreneurial ventures.
A. Acquiring venture capital is essential to the success of all start-up businesses.
B. For start-ups, failure is an exception rather than the rule.
C. Successful companies do not always require a cutting-edge technology or an exciting new product.
D. Companies offering mundane products cannot hope to gain competitive advantage.
E. The odds of survival of an entrepreneurial venture worsen if it grows to at least 10 or 20 people.
Answer: C
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