Entrepreneurial teams are formed by bringing together two or more persons who together function as entrepreneurs.

• A. False
• B. Not sure
• C. True
• D. Depends

Answer: (C)

Entrepreneurship can be a team effort. When two or more people come together and share the responsibilities of creating and running a venture, they function as the entrepreneurial unit. Each member contributes different strengths—strategy, technology, marketing, finances—and they coordinate to identify opportunities, mobilize resources, and execute plans. This collaborative approach is common and often enhances creativity, resilience, and speed to market, making it a normal and effective way to pursue new ventures. So, the statement is true: entrepreneurial teams can be formed by two or more individuals who together function as entrepreneurs.