BACHELOR OF BUSINESS ADMINISTRATION

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BUSINESS ADMINISTRATION

ENTREPRENEURIAL DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The expenses incurred on the setting up of the enterprise are called as ____
A
Cost of financing.
B
. Cost of promotion..
C
Cost of fixed assets.
D
Cost of current assets.
Explanation: 

Detailed explanation-1: -Startup costs are expenses incurred during the process of starting a new business.

Detailed explanation-2: -The major steps involved in the process of starting a new enterprise include the following: (i) Scanning the Environment for identification of business opportunity. (ii) Development of product/service idea. (iii) Assessment of feasibility of the idea.

Detailed explanation-3: -It lays out what your possible costs are, and it seeks out to address avenues for how to manage these costs. It is so important that investors, bankers, and creditors won’t even set up a meeting with you if you don’t have a financial plan for your small business. Your financial plan helps you manage your cash flow.

Detailed explanation-4: -An Entrepreneur is an innovator who brings in new ideas to create a successful business venture.

There is 1 question to complete.
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