Question

Given below are two statements:
Statement I: Business ideation is important aspect of venture creation.
Statement II: Conversation that happens in an elevator is known as elevator pitch.In the light of the above statements,
choose the most appropriate answer from the options given below:

• A. Both Statement I and Statement II are correct
• B. Both Statement I and Statement II are incorrect
• C. Statement I is correct but Statement II is incorrect
• D. Statement II is correct but Statement I is incorrect

Answer 1

The Correct Option is C

Business ideation is crucial for venture creation as it lays the foundation for the business model. However, an elevator pitch is a brief, persuasive speech about your business idea, not merely a conversation.