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Describe the major sources of finance available to businesses, and the advantages and disadvantages of each source.
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Describe the major sources of finance available to businesses, and the advantages and disadvantages of each source. In this assignment I am going to describe the major sources of finance available to businesses, and also give the advantages and disadvantages of each of the source. Before explaining the major sources of finance available to business, advantages and disadvantages, I am going to list or give the type of sources of finance available to organisation and also tell you the reason why business need finance. Sources of finance available to business Overdraft: This is when the customer borrows from the bank by taking out more money than they have in their bank or When the amount of money withdrawn from a bank account is greater than the amount actually available in the account the excess is known as an 'overdraft' and why the account is said to be 'overdrawn'. This is a short-term credit...
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