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

Formulating business ideas is essential for starting a venture because it underpins the business model. An elevator pitch, in contrast, is a concise, compelling presentation of your business concept, not just a casual discussion.