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5.1business needs and sources notes - Coggle Diagram
5.1business needs and sources notes
why businesses need finance
to set up the business
to pay for day to day exspenses
to pay for non current fixed assets
to invest in new technology
to expand the business
to finance research into new products or new markets
short term and long term finance
sort term finance for buying new computers
long term finance is for building a new factory
internal sources of finance
owners savings
some of the businesses working capital
retained profits
sale of non current assets such as equipment and machinery
external sources of finace
short term
overdrafts
trade credit
debt factoring
long term
bank loan
leasing
hire purchase
mortgage
debenture
share issue