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Al Rostamani Group

Sandeep Shrivastavaにより

My network

maria phamにより

Business Functions 18- Business Functions

Jasmine Foruzaniにより

The Great Recession Mind Map (period 2)

Kris Bunceにより

WHY BUSINESS NEEDS FINANCE

existing the

DEBTOR

is an individual or business who has borreowed funds from a business and so owes it money

CREDITOR

is and individual or busines that has lent funds to a business is owed money

finance refers to soucers of money for a business, firms need finance to

EXPAND

the business,eg having funds to pay for a new branch in a different city or country

RUN

the business,eg having enough cash to pay staff wages and suppliers on time

START UP

a business, eg pay for premises,new equipment and advertising

SOURCES OF FINANCE

Long term and can be paid back over many years

FACTORING

TRADE CREDITS

OVERDRAFT FACILITY

some sources of finance are short term and must be paid back within a year

DEBENTURES

LOANS

OWNERS