Explain types of financial resources for new business


Question: Which of the following statements about the types of financial resources for new business are true? (Check all that apply.) Multiple select question. The types of financial resources depend on two factors: the stage of the venture development and the scale of the venture. Personal savings and friends and family fund the majority of new businesses. Most start-ups fail due to their large size and lack of enough revenues to support their size. Funding tends to be limited for most start-ups.

 

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