Joseph wants to set up a business manufacturing stationery items. But he is an amateur in the field of business and thus decides to use the services of a consultancy firm. The consultancy firm helped Joseph in preparing a blue print of his proposed business idea. This helped Joseph to know about his financial requirements of business. The consultancy firm suggested Joseph to meet the financial requirements of business by introducing his own funds and taking a loan from a banking institution. On the basis of the given information about Joseph answer the following questions: a. What is business finance? Explain in brief, the need of the finance for a business firm b. Identify and explain the two types of capital requirements specified above. c. Identify and explain the two categories of fund suggested by the consultancy firm.
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fund will be more than 3.3 crore
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