internal sources of finance

Question 1

internal sources

Answer 1

are sources of money from within the business from the owner or from previous income

Question 2

owner funds advantage

Answer 2

there is no need to, pay interest or even repay finance

Question 3

owner funds disadvantage

Answer 3

amount available may be limited

Question 4

retained profit advantage

Answer 4

does not incur additional costs such as interest payments

Question 5

retained profit disadvantage

Answer 5

may be limited funds available