0
What are the Advantages and disadvantages of hire purchase as a source of business finance?
Wiki User
∙ 10y ago
Hire purchasing helps customers to buy articles at instalments through EMI,instead of paying lumpsum at a time.However, there are chances of pushing inferior articles through hire purchase by sellers. Even the customers may default and/or delay payment of instalments leading to litigation.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
What are the advantages and disadvantages of owners capital as a source of business finance?
The advantages are that you will not have to pay it back or worry about interest. Disadvantages are that you have to come up with the money no your own.
What are the advantages and disadvantages of public finance?
Difficult in pricing
What are the advantages of advance loans?
There are various advantages and disadvantages of advance loans. On the one hand, advance loans allow a person or business to have enough cash on hand to purchase something or to finance a project. On the other hand, they accrue interest the longer one waits before paying them back.
What are the importance of business finance?
What is objective of business finance? Why finance is important for a business? purchase of asset income daily expenses taxation
Disadvantages of long term external finance?
If the business is making profits, a percentage of it's profit has to be distributed to shareholders and other firms where it has gotten finance from.
What are the advantages and disadvantages of owners capital as a source of business finance?
The advantages are that you will not have to pay it back or worry about interest. Disadvantages are that you have to come up with the money no your own.
What are the advantages and disadvantages of public finance?
Difficult in pricing
What are the advantages of advance loans?
There are various advantages and disadvantages of advance loans. On the one hand, advance loans allow a person or business to have enough cash on hand to purchase something or to finance a project. On the other hand, they accrue interest the longer one waits before paying them back.
What are the importance of business finance?
What is objective of business finance? Why finance is important for a business? purchase of asset income daily expenses taxation
What are the advantages of hire purchase as a source of finance?
Hire purchase can give the good profit,
What are the sources of finance in Kenya and classify advantages and disadvantages?
taxes external borrowings foreign exchange selling of shares
Disadvantages of long term external finance?
If the business is making profits, a percentage of it's profit has to be distributed to shareholders and other firms where it has gotten finance from.
Can you purchase Virtual Business - Personal Finance Software for a single computer?
You can purchase Virtual Business - Personal Finance Software for a single computer. The mini version of the software allows up to five concurrent computer users.
What are the Advantages and disadvantages of debts and equity finance?
It's possible to raise more money than a loan can usually provide.
What are advantages and disadvantages of short term sources of finance?
An advantage could be that it helps kick start Small Businesses that don't earn much revenue and need more staff or branches before they can start earning enough revenue however, a disadvantage would be that it's quite a bit of a pay back. The disadvantages of the short term sources of finance is that they cannot be used to finance very big and major projects.
What are the 3 advantages and disadvantages of bank loan?
Advantages and disadvantages of a bank loan are based on comparative sources of finance. What are we comparing the above bank loan to? No loan at all? Equity investment? Factoring of receivables? Is the loan secured or unsecured? The question cannot be answered in a relevant manner without context.
Guarantee in terms of business finance?
Guarantee in terms of business finance
