1.3.4 Sources of business finance Flashcards
1
Q
Why may a business need new sources of finance?
A
- paying for expenses
- expanding the business
- investing in new products and services
- starting a new business
2
Q
What are some short term sources of finance?
A
- overdraft
- trade credit
3
Q
What are some long term sources of finance?
A
- personal savings
- venture capital-investors funding new business idea
- share capital-selling shares in a limited company
- loan
- retained profit
- crowd funding
4
Q
What are the names of the people who own a percentage of a business?
A
Shareholders
