Sources of finance D1 Flashcards
1
Q
What are sources of finance needed for
A
Starting up, everyday running of the business, expansion, internal growth, take overs, equipment/machinery
2
Q
Short term sources of finance
A
Paid back within one year
3
Q
Long term sources of finance
A
Paid back over a period of time greater than one year
4
Q
Internal sources of finance
A
capital generated internally by the business
