Caitlin is studying entrepreneurship and interviews a business owner.She asks the owner how she financed the preparation of the business plan.What would the business owner's response most likely be?
A) personal savings
B) commercial banks
C) business suppliers
D) asset-based lenders

Question

Quizplus · Accepted Answer

The most common source of financing for the preparation of a business plan is personal savings. Many entrepreneurs use their own money to get their business idea off the ground before seeking outside funding or investments.

Caitlin Is Studying Entrepreneurship and Interviews a Business Owner