Sources of Finance- Short Term 0.0 / 5 ? Business StudiesAccounting and FinanceIGCSEEdexcel Created by: ayaaaaCreated on: 06-12-16 06:02 What is leasing? renting or hiring equipment or property 1 of 11 What is hire purchase? buying specific goods with a loan, often provided by a finance house 2 of 11 What is short term finance? money borrowed for one year or less 3 of 11 What is an example of short term finance? bank overdrafts 4 of 11 What is an overdraft? the ability to withdraw more money from a bank account than you actually have 5 of 11 What is an advantage of an overdraft? its simple and flexible 6 of 11 What is a disadvantage of a bank loan? Interest has to be paid on the amount borrowed 7 of 11 What is sales of assets? selling the businesses assets to raise finance 8 of 11 What is an advantage of credit cards? convenient and flexible 9 of 11 Why would a business want to expand ? to develop new products 10 of 11 What is working capital? money that can be used to meet wages and day to day running 11 of 11
Comments
No comments have yet been made