Jayla wants to open her own business making cakes. She has $10,000 of her own money and receives another $20,000 from family and friends. This combined $30,000 that Jayla can use toward her new business is referred to as

Question

Quizplus · Accepted Answer

The expression "it takes money to make money"
holds especially true in developing a business enterprise. To make money from a small business, the owner must first provide or obtain money-otherwise known as capital.

Jayla Wants to Open Her Own Business Making Cakes