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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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