ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
SEED CAPITAL ASSISTANCE IS
A
A LONG TERM ASSISATANCE
B
INITIAL ASSISTANCE
C
A HELP FOR THE PURCHASE OF SEEDS
D
A SHORT-TERM ASSISTANCE
Explanation: 

Detailed explanation-1: -The Seed Capital Assistance Facility (SCAF) helps low-carbon project developers and entrepreneurs access enterprise development support and early-stage seed capital financing from mainstream energy investors.

Detailed explanation-2: -Technically, seed capital is the initial capital used while starting the business. This capital can come from founders, friends or families.

Detailed explanation-3: -Seed capital is the initial amount of money an entrepreneur uses to start a business. Often, this money comes from family, friends, early shareholders or angel investors. Seed capital is typically used to support the planning of a business up to the point when the company starts selling a product or service.

Detailed explanation-4: -Seed capital-also called seed money or seed financing-is referred to as such because it is money raised by a business in its infancy or early stages. It doesn’t have to be a large amount of money. Because it comes from personal sources, it’s often a relatively modest sum.

Detailed explanation-5: -What Exactly Is Seed Funding? In the initial stage of development, companies need seed capital-money that is often used to conduct market research, build a product prototype, and pay company expenses-while their business gains momentum.

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