Topic study hub
Business finance: needs and sources
Understand why businesses require finance, including reasons such as initial funding, expansion capital, and extra working capital. Recognize the distinction between short-term and long-term financial needs.
2
Objectives
20
Flashcards
14
Questions
84 min
Study time
CambridgeIGCSEBusiness StudiesFinancial information and decisions
Choose a revision tool
Start revising Business finance: needs and sources
Syllabus checklist
What you need to know
2 objective pages available
Business finance: needs and sources outcomes2 objectives
- Understand why businesses require finance, including reasons such as initial funding, expansion capital, and extra working capital. Recognize the distinction between short-term and long-term financial needs.
- Identify the primary sources of finance available to businesses, including both internal and external options, as well as short-term and long-term sources. Examples include overdrafts for short-term needs and debt or equity for long-term needs. Discuss the significance of alternative funding methods like micro-finance and crowd-funding. Evaluate the key factors influencing financial decisions, such as the business's size and legal structure, the amount needed, duration, and existing debts. Recommend and justify suitable financing sources based on specific scenarios.
Key terms
ExplainIdentifyJustifyOutline
Exam tips
No exam tips are published for this topic yet.
Common mistakes
No common mistakes are published for this topic yet.
Practice preview
Continue by objective
Objectives are grouped by subtopic so students can jump straight to the exact skill they want to revise.
Related topics