All of the Following Are Common Methods of Financing a New

question 82

Multiple Choice

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

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

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Definitions:

Salesperson

An individual who is responsible for selling products or services to customers, typically aiming to meet or exceed sales targets.

Compensation Method

The method of offsetting negative product aspects with better benefit aspects.

Valid Objection

A genuine concern or issue raised by a prospective buyer that needs to be addressed or resolved by the seller for the sales process to advance.

Prospect's Objection

The concerns or hesitations raised by a potential customer against purchasing a product or service.