Business Studies · Sources of Business Finance
Consider the following merits regarding a source of short-term business finance: (i) It is a convenient and continuous source of funds for inventory purchase. (ii) It directly helps to promote and facilitate the sales of an organization. (iii) It does not create any charge on the assets of the firm while providing funds. Identify the source of finance:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Retained Earnings
- 2Lease Financing
- 3Factoring
- 4Trade Credit✓
Correct answer
Trade Credit
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