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Business finance: needs and sources

5.1

What the syllabus asks of you

  • The need for business finance: The main reasons why businesses need finance, e.g. start-up capital, capital for expansion and additional working capital
  • The need for business finance: Understand the difference between short-term and long-term finance needs
  • The main sources of finance: Internal sources and external sources with examples
  • The main sources of finance: Short-term and long-term sources with examples, e.g. overdraft for short-term finance and debt or equity for long-term finance
  • The main sources of finance: Importance of alternative sources of capital, e.g. micro-finance, crowd-funding
  • The main sources of finance: The main factors considered in making the financial choice, e.g. size and legal form of business, amount required, length of time, existing loans
  • The main sources of finance: Recommend and justify appropriate source(s) of finance in given circumstances

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Chapter 5: Business finance: needs and sources

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21 questions

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