Business Studies · Entrepreneurship
What does the term 'bootstrapping' refer to in the context of starting a business?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Obtaining bank loans for initial capital
- 2Self-funding the business using personal resources✓
- 3Raising funds through venture capitalists
- 4Crowdfunding through online platforms
Correct answer
Self-funding the business using personal resources
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