Case study:after years of success and growth, Shark Tank success story Lumibowl (a clip-on light that illuminates your toilet bowl so you hit your target in dark of night!) is ready to grow extensively into other countries. It needs huge amounts of money in order to do so. Which source of finance would be a good fit?

SOURCES OF FUNDING

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Case study:after years of success and growth, Shark Tank success story Lumibowl (a clip-on light that illuminates your toilet bowl so you ‘hit your target’ in dark of night!) is ready to grow extensively into other countries. It needs huge amounts of money in order to do so. Which source of finance would be a good fit?

A	Raising share capital by transforming from a partnership to a public corporation
B	Taking advantage of the agreed overdraft with the bank
C	Retained profits of $80, 000
D	Crowdfunding

Explanation:

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ENTREPRENEURSHIP

ENTREPRENEURIAL FINANCE

SOURCES OF FUNDING