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Describe the major sources of finance available to business, and the advantages and disadvantages of each source.
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Describe the major sources of finance available to business, and the advantages and disadvantages of each source. Businesses need finance (funds), there are many reasons why businesses need finance usually to expand and grow, both in the short term, and long term, to expand, operate or just plain survive. Assets sale Companies may choose or be forced to sell-off assets of the business in order to raise finance. However a disadvantage of selling assets is that it can be very destructive, it would be like selling off the business and splitting the business into pieces. Overdrafts An overdraft allows the business to overdraw from there account as a means to raise finance, an advantage of businesses using this source of finance is that an overdraft can be arranged fairly quickly and offer a level of flexibility with regard to the amount borrowed at any time, which means the business can overdraw the exact money and...
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