External Finance
Capital raised from outside sources: banks (loans), investors (equity), governments (grants), organizations (crowd fundi...
Real World
BrewDog used crowdfunding (Equity for Punks) to raise over £70m from thousands of small investors, bypassing traditional bank loans entirely.
Exam Focus
Match the source to the business context — a startup with no assets cannot access a bank loan; state why one source is more appropriate than another.
How well did you know this?