At this stage, the firm is experiencing success in terms of sales, with clientele purchasing the product. At the third stage, capital for financing operations is used to expand or increase the existing plant capacity, fine tune marketing, as well as increase the quality of the product via product improvements.
Capital is now provided for i rm expansion to meet the growing demand for the product because the firm, at this stage, is closing in on its break-even point and beginning to show signs of some profitability.
Capital is now provided for i rm expansion to meet the growing demand for the product because the firm, at this stage, is closing in on its break-even point and beginning to show signs of some profitability.
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| Third-Stage Financing |
