GK
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Mitch is securing funds to expand his pet-sitting business. This is an example of which entrepreneurial function?
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Strategic Management
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Risk Management
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Operations Management
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Financial Management
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Explanation:
Detailed explanation-1: -For example, a bootstrapped company may take preorders for its product, thereby using the funds generated from the orders actually to build and deliver the product itself. Compared to using venture capital, bootstrapping can be beneficial because the entrepreneur is able to maintain control over all decisions.
Detailed explanation-2: -Bootstrapping. The funding source to start with is yourself. Loans from friends and family. Sometimes friends or family members will provide loans. Credit cards. Crowdfunding sites. Bank loans. Angel investors. Venture capital.
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