Question
criterion : Evaluate a minimum of five sources of finance available to businesses e.g. trade credit, overdraft, factoring, leasing, hire purchase, profit retention, etc. and
criterion : Evaluate a minimum of five sources of finance available to businesses e.g. trade credit, overdraft, factoring, leasing, hire purchase, profit retention, etc. and identify advantages and disadvantages of each.
Question
Levi Roots is an entrepreneur who has been running his sole trader business for 15 years, selling a home made sauce, aptly named, ReggaeReggae Sauce. He is planning on expanding his business so that he can start supplying the big supermarkets, like Asda and Tesco. Evaluate two possible sources of finance that Levi Roots can tap into as he seeks to grow his sole trader business.
(Question satisfies criterion ).
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