Which of the following is an example of initial payments that a new small business has to make?
A)Bank set-up fees
B)Initial advertising expenses
C)Security deposits
D)all of these

Question

Quizplus · Accepted Answer

A) Bank set-up fees: Whenever a small business gets started, it needs to set up a bank account for its financial transactions. Banks charge fees for this process, which the business needs to pay initially.

B) Initial advertising expenses: Advertising and promotion are crucial for attracting customers and building brand awareness. A new small business has to incur initial costs for designing logos, printing business cards, developing a website, etc.

C) Security deposits: Small businesses need to pay lease or rental security deposits for office space, equipment, and utilities. These deposits are usually a few months' worth of rent or service fees and need to be paid upfront.

Thus, all these options are examples of initial payments that a new small business has to make.

Which of the Following Is an Example of Initial Payments