ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -The most common reasons to get a personal loan include emergency expenses, major purchases, home repairs, or milestones. A personal loan may be the right option if you have a good credit score, and your costs fall under these categories.
Detailed explanation-2: -In short, the purpose you’re seeking a loan matters because the lender needs to determine whether the money will be used for a purpose they allow. In addition, the loan purpose may also influence the interest rate you’re offered.
Detailed explanation-3: -Describe the reason for the loan in detail. Be brief and include the relevant details of applying for the loan. Attach the necessary supporting documentation. Identify the amount of money you need. Be polite and professional when addressing the reader. 28-Nov-2022