A new or existing business needs to obtain both equity and debt financing if it is to have a sound financial foundation.

Name: A new or existing business needs to obtain both equity and debt financing if it is to have a sound financial foundation.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Equity financing allows a company to sell shares of ownership in exchange for capital, while debt financing involves borrowing money that must be repaid with interest. Both types of financing can provide a solid financial base for a business.

A New or Existing Business Needs to Obtain Both Equity