When Ralph Ketner wanted to start the Food Lion grocery store business,he and his brother called 100 friends to each invest $1,000 in his business.This source had to be used probably because

Question

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As a new business, the risk was high and it could be difficult to secure financing from traditional sources such as banks. Therefore, Ketner relied on personal connections and their investments to fund his startup venture.

When Ralph Ketner Wanted to Start the Food Lion Grocery