Marcia uses other people's money whenever possible to finance her business.She prefers to minimize and control rather than maximize and own.This practice is known as:

Question

Quizplus · Accepted Answer

The practice described is known as bootstrapping, which involves using resources and financing methods that minimize the need to take on debt or give up ownership in the company. It can include things like utilizing personal savings, finding creative ways to generate revenue, and seeking out partnerships or investors who are willing to contribute non-monetary resources. This approach allows Marcia to maintain a greater degree of control over her business while still being able to grow and expand it.

Marcia Uses Other People's Money Whenever Possible to Finance Her