INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Startup capital is the money you invest in the form of supplies, marketing, legal services, and other investments to get your business up and running.
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Startup capital is the money spent in order to create a balanced budget for your personal finances.
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Both A and B
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Neither A nor B
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Detailed explanation-1: -Which of the following statements is TRUE about startup capital? Startup capital is the money you invest in the form of supplies, marketing, legal services, and other investments to get your business up and running.
Detailed explanation-2: -Startup capital is what entrepreneurs use to pay for any or all of the required expenses involved in creating a new business. This includes paying for the initial hires, obtaining office space, permits, licenses, inventory, research and market testing, product manufacturing, marketing, or any other operational expense.
Detailed explanation-3: -The term startup refers to a company in the first stages of operations. Startups are founded by one or more entrepreneurs who want to develop a product or service for which they believe there is demand.
Detailed explanation-4: -What are Capital Requirements? Capital requirement is the total amount of funds that the firm will need for the business to achieve its goal of raising profit. The way to calculate this is by adding the founding and start-up expenses and investments.