Question

What is the logical order for stages of development in entrepreneurial firm?
(i) Corporate
(ii) Start up
(iii) Established
(iv) Seed stage
(v) Early growth

• A. (i) (ii) (iii) (iv) (v)
• B. (v) (iii) (iv) (ii) (i)
• C. (iv) (ii) (v) (iii) (i)
• D. (v) (iv) (iii) (ii) (i)

Answer 1

The correct option is C (iv) (ii) (v) (iii) (i)

Any type of business starts with an Idea. So the first step of entrepreneurial firm is seed stage means having a business idea. The second step follows with the establishment of a start up business with the idea generated in the first step. Every business has an early stage which becomes the third stage. After sustaining every ups and downs in the early stage, the business gains an established phase and then it converts in to a corporate.