INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the money needed to open a new business?
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Business Plan
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Entrepreneurship
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Start-Up Financing
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None of the above
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Explanation:
Detailed explanation-1: -Capital refers to money, asset or any other form of financial wealth that is one of the key factors in the production of goods and services required for a given business.
Detailed explanation-2: -Types of Startup Funding Equity financing involves selling a portion of a company’s equity in return for capital. Debt financing involves the borrowing of money and paying it back with interest.
Detailed explanation-3: -Yes, a startup can obtain term loans from banks for buying equipment or machinery.
There is 1 question to complete.