Question

Start up finance is the capital required by an entrepreneur for conducting research at pre commercialization stage. (True/False)

Answer 1

Answer:  

True. 'Start up finance' is the 'capital required by an 'entrepreneur' for 'conducting research' at 'pre commercialization stage'.  

Explanation:  

Start up finance is often used interchangeably with seed money. This is that amount of capital that is used by an entrepreneur to conduct research, develop a prototype, conduct the beta testing to understand the feasibility of his plan and product. Therefore, this money is used for conducting all the host of jobs associated with a start up plan except for the actual commercialization process.