Internal sorces Flashcards
1
Q
What is internal sources?
A
sources of money within the business.
2
Q
What is owner funds?
A
money that is put into the business from private savings.
3
Q
Whats an advantage of owner funds?
A
no need to pay interest or even repay finance.
4
Q
Whats a disadvantage of owner funds?
A
may be limited, makes stress/fuss
5
Q
What is retained profits?
A
the owner decides to spend these on themselves or to expand and improve the business.
6
Q
Whats an advantage of retained profits?
A
no need to repay
