the amount a business borrows and for how long depends on which of the following? (select all that apply)

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24-11-2022
Business

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the amount a business borrows and for how long depends on which of the following? (select all that apply)

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HafsaM HafsaM · Answer 1 · 2022-11-27T12:14:03+01:00

The amount of business borrows how quickly it can resell the merchandise it purchases with the funds the type of business and industry it is in.

For a firm to be operational, it needs finance. In order to cover costs associated to a new site for the company, new goods, furnishings, and equipment, start-up businesses borrow money. Banks, credit unions, savings and loans, and other lending organizations provide credit to businesses.

Taking out credit, whether it be a business loan, invoice financing, or overdraft, enables investment in additional sales, which increases earnings. In order to take advantage of market possibilities, successful companies borrow the money they require.

The above question is incomplete. The complete question is:

The amount a business borrows and for how long depends on which of the following? (Select all that apply) The type of business and industry it is in, How quickly it can resell the merchandise, and it purchases with the funds.

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