ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

ENTREPRENEURIAL PROCESS

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

What is the point at which a business is able to generate sufficient cash flows to allow the business to survive on its own without cash infusions from outside sources?

A	Feasibility
B	Viability
C	Profitability
D	Sustainability

Explanation:

Detailed explanation-1: -Encourage customers to pay early Give your customers a variety of payment options, such as credit card and direct deposit. Offer incentives like discounts for early payment, if you can afford to. Request a deposit for special or large orders. Regularly follow up on outstanding payments and debts.

Detailed explanation-2: -Lease, Don’t Buy. Offer Discounts for Early Payment. Conduct Customer Credit Checks. Form a Buying Cooperative. Improve Your Inventory. Send Invoices Out Immediately. Use Electronic Payments. Pay Suppliers Less. More items

Detailed explanation-3: -Accounts receivable. Accounts receivable represent sales that have not yet been collected in the form of cash. Credit terms. Credit policy. Inventory. Accounts payable and cash flow.

There is 1 question to complete.