Credit cards are not suitable sources of long-term funding for start-up companies.

Question

Quizplus · Accepted Answer

Credit cards typically carry high interest rates and are meant for short-term use. Start-up companies require long-term funding solutions that can sustain them over a period of time. Relying on credit cards as a primary source of funding can lead to excessive debt and financial instability, ultimately hindering the growth and success of the business.

Credit Cards Are Not Suitable Sources of Long-Term Funding for Start-Up