What is the need of finance in buisness
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Finance refers to sources of money for a business. Firms need finance to:
start up a business, eg pay for premises, new equipment and advertising
run the business, eg having enough cash to pay staff wages and suppliers on time
expand the business, eg having funds to pay for a new branch in a different city or country
New businesses find it difficult to raise finance because they usually have just a few customers and many competitors. Lenders are put off by the risk that the start-up may fail. If that happens, the owners may be unable to repay borrowed money.
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start up a business, eg pay for premises, new equipment and advertising
run the business, eg having enough cash to pay staff wages and suppliers on time
expand the business, eg having funds to pay for a new branch in a different city or country
New businesses find it difficult to raise finance because they usually have just a few customers and many competitors. Lenders are put off by the risk that the start-up may fail. If that happens, the owners may be unable to repay borrowed money.
hope it helps u mate...
pls mark me brainliest
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