INTRODUCTION TO BUSINESS: GEB1011 Chapter 18 Finanial ...
LONG-TERM FINANCING Funds needed for more than a year (2 to 5 years) Purchasing expensive assets such as plants and equipment Developing new products Financing an expansion of a firm Different sources of Short-Term Financing Trade Credit-the practice of buying goods now and paying for them later. Most widely used source of short-term funding. ................
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