Explain one reason why a new business could find it difficult to raise external finance.
Question
Solution 1
One reason why a new business could find it difficult to raise external finance is due to lack of credit history. Here's a step-by-step explanation:
- Credit History: When a business is new, it has no credit history. This means there's no track record of how the business has handled debt in the pa Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI
Similar Questions
Explain one benefit to a business start-up of using crowd funding to raise finance.
1. What is finance and explain three reasons why a business might need finance?
Explain one reason why a business that has the second largest market share would be keen to become market leader.
Explain one reason why it is important to consider the target market for a new product before starting primary research.
Analyse one reason why a business might have lower profits by meeting stakeholder aims
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.