Orion Inc.was started as a small organization with five employees.After the first year's profits were made,the owners decided to invest the profits in expanding the business.This is an example of financing the business using _____.

Question

Quizplus · Accepted Answer

Bootstrapping refers to financing a business's growth by reinvesting the profits back into the business instead of seeking external funding or loans. In this scenario, Orion Inc. is using its first year's profits to expand, which is a classic example of bootstrapping.

Orion IncWas Started as a Small Organization with Five Employees