Personal credit cards provide _____ financing in the _____ phase of business.

Question

Quizplus · Accepted Answer

Personal credit cards provide debt financing which is suitable for the growth phase of business. In the start-up phase, equity financing is more appropriate as there may not be enough assets or revenue for debt financing. And in the exit phase, financing is not the main concern as the goal is to liquidate the business and distribute the proceeds to the owners. For operations, a mix of debt and equity financing may be used depending on the financial needs and goals of the business.

Personal Credit Cards Provide _____ Financing in the _____ Phase

Personal Credit Cards Provide _ Financing in the _ Phase