Julian wants to open a bakery. He uses his savings and borrows some funds from his family to start his business. In the given scenario, Julian uses ..... to fund his business.

IDENTIFYING AND EVALUATING BUSINESS OPPORTUNITIES

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

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

Julian wants to open a bakery. He uses his savings and borrows some funds from his family to start his business. In the given scenario, Julian uses ____ to fund his business.

A	venture capital
B	crowdfunding
C	commercial loans
D	personal resources

Explanation:

Detailed explanation-1: -A business plan documents your objectives and the strategies and structures you have in place for achieving them. Your business plan should explain how you will manage all the important aspects of your business, from products and services to operational plans and finances.

Detailed explanation-2: -Answer and Explanation: The correct answer is d) planning and financing. When starting a new business, it is required that an individual do proper planning. Planning is the most important function before starting anything new.

Detailed explanation-3: -Which of the following is an advantage to starting a new business rather than a franchise? The owner may have fewer start-up fees to pay. Which of the following is an advantage to starting a franchise? The customer base is already established.

There is 1 question to complete.

ENTREPRENEURSHIP

ENTREPRENEURIAL OPPORTUNITIES

IDENTIFYING AND EVALUATING BUSINESS OPPORTUNITIES