business (finance) key words Flashcards
(6 cards)
1
Q
internal sources of finance
A
come from within the business
2
Q
external sources of finance
A
come from outside the business
3
Q
crowdfunding
A
practice of funding a project or venture and receiving shares afterwards ie dragons den.
paid for by wealthy investors called business angels
4
Q
receivable days
A
average length of time taken by customers to pay ack the amount owed
5
Q
payable days
A
average length of time a business takes to pay bac it’s account which it owes
6
Q
business angels
A
wealthy investors who help businesses by giving them money (usually expecting a return ie a share)
