BUISENESS MANAGEMENT
MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Manuel wants to start a new business. He has $50, 000 in savings but needs an additional $25, 000 to ensure he has enough capital to launch and operate the business. What type of marketing function is this?
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Promotion
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Product
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Pricing
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Financing
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Explanation:
Detailed explanation-1: -A mutual fund provides diversification through exposure to a multitude of stocks. The reason that owning shares in a mutual fund is recommended over owning a single stock is that an individual stock carries more risk than a mutual fund. This type of risk is known as unsystematic risk.
Detailed explanation-2: -Bank loans are regarded as the most important funding source for starting a new business start-up. The founders of the business need to apply for bank loans from the commercial banks by communicating all the missions and goals of the startups.
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