Tressie should ask to see a start-up budget before making her final decision. A start-up budget will provide an overview of the initial costs associated with launching the boutique household goods store, including expenses for securing retail space, purchasing inventory, and any other necessary expenditures. This budget will help Tressie understand the financial requirements and feasibility of her niece's business plan.
Tressie’s niece wants to open a boutique household goods store. Tressie has read her business plan and is quite impressed. She is considering acting as an angel investor and giving her niece the $10,000 she needs to secure the retail space and some of the inventory for her store. What kind of budget should Tressie ask to see before making her final decision?
(1 point)
Responses
cash budget
cash budget
start-up budget
start-up budget
operating budget
operating budget
sales forecast budget
1 answer