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An enterprise begins with limited savings and expands production through advance customer orders. Against which myth is this the strongest evidence?

Answer and explanation

Correct answer: An enterprise cannot start without huge initial capital

A phased start and customer financing challenge the compulsory need for huge capital. In exams distinguish the need for capital from the amount of capital.

Related tags

Capital MythAdvance OrdersBootstrappingFinanceMyths About EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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