Course review

3.2 Sources of finance

Review each learning objective in this topic, then open its concept explanation or question set.

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Learning objective

3.2.1—Internal sources of finance

New

• Apply personal funds, retained profit, and sale of assets • Internal sources avoid external obligations but may be limited or reduce business capacity

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Learning objective

3.2.2—External sources of finance

New

• 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 suitability

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Learning objective

3.2.3—Short-term and long-term finance

New

• 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 impact

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Start with the concept explanation, then practise to create mastery evidence.