ENTREPRENEURIAL OPERATIONS
CHAPTER 7 ENTREPRENEURIAL LEADERSHIP AND MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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To negotiate bank loans
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To develop cash budgets
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To pay operating expenses
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To manage investment accounts
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Detailed explanation-1: -Access to finance is necessary for a business to grow and succeed in a competitive market. Finance helps businesses to develop and implement strategies, invest in new products or services, and expand into new markets. It also enables businesses to manage their cash flow, which is essential for day-to-day operations.
Detailed explanation-2: -An operating expense is an expense that a business incurs through its normal business operations. Operating expenses include rent, equipment, inventory costs, marketing, payroll, insurance, step costs, and funds allocated for research and development.
Detailed explanation-3: -Fixed Capital Requirement: In order to begin a business, money is required to buy fixed assets like land, building, plant and machinery. This is called the Fixed Capital Requirement. Working Capital Requirement: A business needs funds for its day to day activities. This is known as Working Capital Requirements.