ENTREPRENEURIAL OPPORTUNITIES
IDENTIFYING AND EVALUATING BUSINESS OPPORTUNITIES
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
difficult because lenders are reluctant to give loans to firms that do not have a track record.
|
|
|
one of the most flexible ways of obtaining financing because local bankers are usually eager to establish relationships with new companies.
|
|
|
the most difficult because start-ups require higher financing than what banks can offer.
|
|
|
the best way to obtain all the financing they need as lenders usually get an ownership stake in the companies.
|
Detailed explanation-1: -The most frequently used source of funds for start-ups is: The entrepreneur’s personal funds. Typically, debt financing requires: An asset as collateral.
Detailed explanation-2: -Entrepreneurs take risks because they are trying to make a profit on their unique good/service. They also take this risk to start their businesses because they see a need for a business and they decide to act on it based on their available resources. What are the factors of production?
Detailed explanation-3: -Ethan is in the process of launching his new business venture that specializes in electronic waste recycling. During this period, he is in constant touch with Lloyd, who has seen success in this niche market. Which of the following entrepreneurial development strategies is Ethan utilizing? necessity entrepreneur.