The Final Step in the Process of Starting a Business

question 88

Multiple Choice

The final step in the process of starting a business is _____.

• A)getting your financing
• B)creating your business plan
• C)deciding if you need partners
• D)researching your customer base

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Definitions:

Intangible Assets

Non-physical assets such as patents, trademarks, and goodwill that have value to a business.

Balance Sheet

A financial document that outlines the resources, obligations, and shareholder equity of a company at a given point, showing its economic condition.

Capital

Financial assets or the financial value of assets, such as cash and goods, used by a business to generate income.

Stockholders

People or organizations holding one or more shares in a corporation, thereby having partial ownership of the business.