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Johanna Plans on Being the Sole Proprietor of a Home-Based

question 26

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Johanna plans on being the sole proprietor of a home-based sales consulting business.Since she will work out of her home,her start-up costs should be low.Which type of financing would be BEST for her to use for the start up of her business?


Definitions:

ROI

Short for Return on Investment, a performance measure used to evaluate the efficiency or profitability of an investment or compare the efficiency of several investments.

Shadow IT

Shadow IT refers to IT systems and solutions built and used inside organizations without explicit organizational approval.

Insourcing

The practice of performing a business function internally rather than outsourcing it to an external provider or company.

Reverse Outsourcing

The practice where jobs or tasks are brought back in-house from an external service provider, often to regain control or reduce costs.

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