Choosing the right source of finance to pay costs requires consideration of factors that may influence the choice of finance.
Posts tagged as “hire purchase”
Hire purchase occurs when an asset is sold to the buyer who agrees to pay fixed payments over an agreed period of time. How does hire purchase work?
There are many sources of finance that businesses can obtain their finance from. These include internal and external sources of finance.
Internal Growth is financed through a combination of retained profits, borrowing money, asking shareholders to contribute more capital or issuing new shares.