Practicing Success

Target Exam

CUET

Subject

Entrepreneurship

Chapter

Resource Mobilisation

Question:
This is the funding required when there is Product development and initial marketing, but with no commercial sales yet. Which of the following concept is being referred to here?
Options:
Seed Capital
Start Up Funding
Series A funding
None of the above
Correct Answer:
Start Up Funding
Explanation:
Seed capital: Relatively small amount to prove concepts and finance feasibility studies.
Start-up funding: Product development and initial marketing, but with no commercial sales yet, funding to actually get company operations started.