Sam is planning to start a pool cleaning business from his home, but has realized that he does not have enough money in savings or credit to pay for the set-up costs and first year of operation. Which of the following would not be a good way for Sam to get the money to start his business?

a.

Talk to a bank about a business loan for the missing funds.

b.

Talk to an investor about investing their money into his business.

c.

Purchase a $3,000 compact car instead of a truck for his business.

d.

Find a business partner to share the initial expenses.

The answer is C

Question

Mathematics

Damari

21 May, 20:15

Sam is planning to start a pool cleaning business from his home, but has realized that he does not have enough money in savings or credit to pay for the set-up costs and first year of operation. Which of the following would not be a good way for Sam to get the money to start his business?

a.

Talk to a bank about a business loan for the missing funds.

b.

Talk to an investor about investing their money into his business.

c.

Purchase a $3,000 compact car instead of a truck for his business.

d.

Find a business partner to share the initial expenses.

The answer is C

+2

Answers (1)

Know the Answer?

Kathleen Whitney · Answer 1

The answer is C because a compact car is smaller than the truck and Sam wouldn't be able to use the compact car. The truck can hold the cleaning supplies better than having it in the back seat of your car.