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?
Answer & explanation
Correct answer: option 2
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.
Start-up funding: Product development and initial marketing, but with no commercial sales yet, funding to actually get company operations started.