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Resource Mobilization — Entrepreneurship STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEntrepreneurshipResource Mobilization3 Marks
Question
Why does an entrepreneur needs second-round financing?
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Answer

At this stage, the idea has been transformed into a product and is being produced and sold.
The entrepreneur, at this stage, needs assistance from venture capitalist for expansion, modernisation and diversification.

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