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Exam (elaborations)
Edexcel IAL Business Unit 2 – Key
Edexcel IAL Business Unit 2 – Key Definitions
Edexcel IAL Business Unit 2 – Key Definitions
Edexcel IAL Business Unit 2 – Key Definitions and Formulas Internal finance - ANSWER...-Money generated from within the business (e.g. retained profit, owner's capital). External finance - ANSWER...-Money sourced from outside the business (e.g. loans, overdrafts). Owner's capital - ANSWER...-Personal savings invested by the business owner. Retained profit - ANSWER...-Profit kept in the business after tax and dividends. Sale of assets - ANSWER...-Selling business-owned items to ra...
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