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    Question

    What is the first step in starting a venture?

    A Identifying a niche or market gap Correct Answer Incorrect Answer
    B Securing funding Correct Answer Incorrect Answer
    C Building a team with complementary skills Correct Answer Incorrect Answer
    D Launching the product or service Correct Answer Incorrect Answer

    Solution

    Explanation: Identifying a niche or market gap is the foundation of starting a venture, as it helps entrepreneurs understand the problem they aim to solve.

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