Internal and external finance
Internal and external finance
Long-term sources of finance provide money for more than one year, often to start a business, buy assets or fund expansion. The six sources are personal savings, retained profit, loans, share capital, venture capital and crowd funding.
Step-by-step lessons on Edexcel GCSE Business 1.3.4b Long-term sources of finance. Each one builds up to exam-style questions. Start by mastering business terminology and the functional areas (marketing, finance, operations, HR) before moving on to the extended, evaluation-heavy questions that carry the most marks.