• Apply personal funds, retained profit, and sale of assets
• Internal sources avoid external obligations but may be limited or reduce business capacity
0%
Mastery
0
Attempts
0
Mistakes
Start with the concept explanation, then practise to create mastery evidence.
2
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
0%
Mastery
0
Attempts
0
Mistakes
Start with the concept explanation, then practise to create mastery evidence.
3
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
0%
Mastery
0
Attempts
0
Mistakes
Start with the concept explanation, then practise to create mastery evidence.