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Sources of Finance Advantages Disadvantages
Owners Savings: Cheap & readily available. A sole trader usually has unlimited liability, therefor
When the owner uses his own savings to invest in Maximises the control the entrepreneur keeps over the the owners do not raise sufficient funds, they could
the business. Usually a…

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When an asset is used by a business but never
owned by it. The business pays a monthly amount
to use the asset.
Hire Purchase: Spreads the cost of purchasing assets. Monthly payments can be expensive.
When an asset is bought over a period of time with Asset eventually becomes…

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Ltd to a plc and share can be traded on the stock accordance to their stake in the same and hence
market. possess certain degree of control over its operation.

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