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An enterprise begins production with limited resources by taking advance customer orders. Against which myth is this the strongest evidence?

Answer and explanation

Correct answer: An enterprise cannot start without huge initial capital

Customer financing and phased starting challenge the compulsory need for huge capital. In exams distinguish the need for capital from its amount.

Related tags

Capital MythAdvance OrdersLimited ResourcesFinanceMyths About EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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