Question

What does the term “Unicorn” represent in business terminology?

• A. A privately held startup that has a valuation of over \$1 billion
• B. A private company operating in more than 1 location
• C. A public listed company that has valuation of over \$10 million
• D. A public company offering a unique product

Hint:

“Unicorn” startups are rare companies that reach a \$1B valuation while still private.

Answer 1

The Correct Option is A

Concept: In business terminology, a “Unicorn” refers to a rare and highly valued startup.
Step 1: Understand the term.
\[ {Unicorn} = {startup valued at more than \$1 billion} \]
Step 2: Evaluate options.

• (A) \checkmark correct
• (B) $\times$ unrelated definition
• (C) $\times$ incorrect valuation and type
• (D) $\times$ incorrect meaning

Hence, the correct answer is option (A).