MANAGEMENT

BUISENESS MANAGEMENT

BUSINESS PLANNING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
An existing business may use a business plan to:
A
Focus on the business idea before start-up
B
Present to shareholders at the AGM
C
Secure external finance for business expansion
D
To share with employees in the business
Explanation: 

Detailed explanation-1: -Finance can be divided broadly into three distinct categories: public finance, corporate finance, and personal finance. More recent subcategories of finance include social finance and behavioral finance.

Detailed explanation-2: -Firms can raise the financial capital they need to pay for such projects in four main ways: (1) from early-stage investors; (2) by reinvesting profits; (3) by borrowing through banks or bonds; and (4) by selling stock. When owners of a business choose sources of financial capital, they also choose how to pay for them.

Detailed explanation-3: -It can also mean big moves like mergers and acquisitions. There are several ways to finance expansion, including government grants, crowdfunding websites, and small business loans. Two of the most common methods are debt financing and equity financing.

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