Students should be able to:
- understand the main internal and external sources of finance available (including family and friends, retained profit, a new share issue, obtaining a loan or mortgage, selling unwanted assets, overdrafts, trade credit, hire purchase and government grants)
- analyse the advantages and disadvantages of each method for a given situation
- evaluate the suitability of sources of finance for new and established businesses
Complete lesson written by Sarah Hilton for Revisionstation
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