Question

amy clark just opened a soup and salad restaurant near golden gate park in san francisco, ca. rather than borrow money or raise funds from investors, amy used her creativity and ingenuity and figured out how to get her business up and running without the need for external funding. amy is utilizing a technique referred to as .

Answer 1

Amy Clark is using a technique known s bootstrap.

The term "bootstrapping" is used in business to describe the process of launching and expanding a company using only readily accessible resources, such as personal finances, home computers, and garage space.

Starting a business from scratch without or with minimal outside investment is known as bootstrapping. By having the owner pay for and use the resources individually, it avoids using a pool of equity or large bank loans to finance small businesses.

According to the fundamental idea of bootstrapping, inference about a population from sample data (sample population) may be represented by resampling the sample data and performing inference about a sample from resampled data (resampled sample).

Learn more about bootstrapping at

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