What you’ll learn3 learning objectivesChoose one objective for a focused lesson, or study the complete topic.3.2.1Internal sources of finance• Apply personal funds, retained profit, and sale of assets• Internal sources avoid external obligations but may be limited or reduce business capacitySyllabus objective3.2.2External sources of finance• Apply share capital, loan capital, overdrafts, trade credit, crowdfunding, leasing, microfinance providers, and business angels• External sources vary in cost, risk, control, availability, repayment, and suitabilitySyllabus objective3.2.3Short-term and long-term finance• Evaluate appropriateness of short-term or long-term sources of finance for a given situation• Match finance source to purpose, amount, duration, risk, cost, and ownership impactSyllabus objective
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