What makes credits cards very similar to trade credit is that both act as a type of loan. How credit cards work? Paying off credit cards.
Posts tagged as “short-term sources of finance”
Businesses use trade credit to delay payments to their suppliers. They negotiate payments to take longer to pay outstanding invoices.
Problems with finance happen very often in every business organization. So, a business manager needs to consider different forms of finance.
There are many sources of finance that businesses can obtain their finance from. These include internal and external sources of finance.