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3.1 Sources of Finance

3.1 Sources of Finance. IB Business and Management. Key terms Internal External Short, medium and long term. Objective. Key question – when and how do we get funds, depending on the situation? You will understand the main sources of finance and be able to assess which to use and when.

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3.1 Sources of Finance

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  1. 3.1 Sources of Finance IB Business and Management

  2. Key terms Internal External Short, medium and long term

  3. Objective Key question – when and how do we get funds, depending on the situation? You will understand the main sources of finance and be able to assess which to use and when

  4. Why do we need money? Discuss the question At what points in the life of a business is additional capital needed?

  5. Categorising business finance – grp tsk • Capital expenditure • Revenue expenditure

  6. Internal and external sources • Write what you believe is the definition of each term • Research and check your definition against one online • Using the first sheet on the Wiki: 5 minutes to list all the internal and external sources of finance available and indicate if they are short, medium or long term • In your table group, work to complete the 2nd work sheet

  7. To end • IB exam question 1 and

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