3. Ann has been successfully running a soft skills training company for the past five years in Bangalore. Her company has become popular and enjoys a good reputation in the city, She now plans to start a chain of soft skills training centers and has identified four strategic places for the same in the city. Till now she has been managing all the financial requirements of her business through the profits made in her business. However, in order to implement her expansion plans funds will have to be raised externally. In context of the above case: a) “Till now she has been managing all the financial …………. In business “Name the source of the fund being mentioned in the statement and explain its merits and demerits. b) Suggest any external source of funds that Ann can use to finance her expansion plans. Also, give any two features of such a source of finance.
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(a) it was retained earning
(b) trade credit and debentures
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five years in Bangalore. Her company has become popular and enjoys good
reputation in the city. She now plans to start a chain of soft skills training centres
and has identified four strategic places for the same in the city. Till now she has
been managing all the financial requirements of her business
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