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Business BTEC Pro Final Exam With Correct Complete Solutions 2024.
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Internal sources of business finance - Answer 1. Retained profit 2. Net current assets 3. Sale of assets External sources of business finance - Answer 1. Owner's capital 2. Loans 3. Crowd funding 4. Mortgage 5. Venture capital 6. Debt factoring 7. Hire purchase 8. Leasing 9. Trade credit 10. Grants 11. Donations 12. Peer to peer lending 13. Invoice discounting What is retained profit? - Answer Profit that can be taken out of the business or reinvested in it, by the owner Pros of retained profit - Answer - no interest charged - doesn't need to be repaid - no loss of ownership - available immediately
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