Business Ideation and Elevator Pitch
CMAT 2024 · Innovation & Entrepreneurship · Medium · Venture Creation
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 I is incorrect but Statement II is correct
C
Explanation
Statement I is correct (business ideation is crucial). Statement II is incorrect because an elevator pitch is a brief, persuasive speech to pitch an idea, not just any arbitrary conversation inside an elevator.
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