Thomas has started a new business venture for which he has been using highly economical resources,such as the market research data available in public libraries,low-interest funds borrowed from national banks,and equipments hired on lease.This technique used by Thomas to overcome resource constraints in his start-up firm is best known as _____.
A) caveat emptor
B) moonlighting
C) bootstrapping
D) collective bargaining

Question

Quizplus · Accepted Answer

Bootstrapping refers to starting a business with minimal financial resources and finding creative ways to overcome resource constraints, such as using market research data from public libraries, low-interest funds borrowed from banks, and equipment leased on a short-term basis. Caveat emptor is a principle of commerce that means "let the buyer beware." Moonlighting refers to taking on a second job or working part-time in addition to a primary job. Collective bargaining is the process of negotiation between employers and employees to reach an agreement on terms and conditions of employment.

Thomas Has Started a New Business Venture for Which He