An entrepreneur who starts a business without external funding is utilizing a technique referred to as;
a. Networking;
b. Capitalizing;
c. Prospecting;
d. Bootstrapping
Answers
Answer:
(b)capitalizing
Explanation:
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Answer:
The correct answer to this question is Bootstrapping.
Explanation:
Given - An entrepreneur who starts a business without external funding is utilizing a technique.
To Find - Choose the correct option for an entrepreneur who starts a business without external funding is utilizing a technique.
Bootstrapping is an entrepreneur who starts a business without external funding is utilizing a technique.
Bootstrapping is the practice of launching a business using just one's own finances, together with money borrowed or invested from family or friends and revenue from the first few sales. Self-funded businesses do not rely on conventional financing techniques like bank loans, investor funding, or crowdfunding.
An entrepreneur is a person who decides to take the risk of launching a new business. Entrepreneurship is the aggregation of capital and labor to generate things or services for profit. An entrepreneur realizes their concept by founding a business to carry it out.
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