All of the Following Are Common Methods of Financing a New

question 165

Multiple Choice

All of the following are common methods of financing a new business _____.

• A)personal savings
• B)initial public offering
• C)borrow from family and friends
• D)bank loans

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Definitions:

Specialization

The process of focusing on a narrow area of expertise or activity to increase efficiency and productivity.

Product-Oriented Production

A production strategy that focuses on producing goods in large volumes with minimal variation, typically associated with mass production environments.

Process Strategy

An organization's approach to transforming resources into goods and services.

Four R's of Sustainability

These represent Reduce, Reuse, Recycle, and Recover, guiding principles to promote sustainable practices by minimizing waste and maximizing resource efficiency.