The need for finance, internal and external sources, short- and long-term finance, cash flow and working capital.
Why businesses need finance
Businesses need finance to start up (premises, equipment, stock), to fund day-to-day running (wages, materials) and to expand (new machinery, new outlets). Finance can be needed for the short term (to cover a cash shortage) or the long term (to buy fixed assets).
Viewing only
This content is free to read on superexams.com and cannot be printed or downloaded.
Read the full note, free
Create a free account to read this note in full. Every free account gets 2 complete revision notes, no card needed.