Other sources of capital - SS1 Commerce Past Questions and Answers - page 1
What is trade credit?
Long-term borrowing facility
Delayed payment to suppliers
Equipment leasing agreement
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Which source of capital involves obtaining the use of equipment without purchasing it outright?
Trade credit
Equipment leasing
Bank loan
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What is the primary purpose of obtaining credits?
Accessing short-term financing
Accessing short-term financing
Acquiring equipment on lease
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Which source of capital allows businesses to purchase goods or services on credit?
Equipment leasing
Trade credit
Bank loan
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What does equipment leasing involve?
Accessing short-term financing
Obtaining the use of equipment from a leasing company
Delayed payment to suppliers
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State one advantage of trade credit for businesses.
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What is the primary benefit of equipment leasing for businesses?
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