Question

Explain breifly the purposes for which long term finance is required by business concerns

Answer 1

Answer:

Explanation:

Long term financing services are provided to those business entities that face a shortage of ... Purpose of Long Term Finance: ... Factors determining Long term Finance Requirements Sources of finance for business are equity, debt, debentures, retained earnings, termloans, working capital loans, letter of credit, euro issue, venture funding etc. Thesesources of funds are used in different situations.