ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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payroll
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rent
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equipment cost
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profit
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Detailed explanation-1: -Start-up costs don’t include deductible interest, taxes, or research and experimental costs.
Detailed explanation-2: -An expense is a cost that businesses incur in running their operations. Expenses include wages, salaries, maintenance, rent, and depreciation. Expenses are deducted from revenue to arrive at profits.
Detailed explanation-3: -Startup costs are the expenses incurred during the process of creating a new business. Pre-opening startup costs include a business plan, research expenses, borrowing costs, and expenses for technology. Post-opening startup costs include advertising, promotion, and employee expenses.
Detailed explanation-4: -Lack of support. Lack of money. Lack of confidence. Lack of a clear pathway. Lack of experience and knowledge. 10-May-2022