Explain the sources raising long term finance for business

1.	Explain the sources raising long term finance for business
Answer» The Sources of Long Term Finance are those sources from where the funds are raised for a longer period of time, usually more than a year. Long term financing is required for modernization, expansion, diversification and development of business operations.->Objectives of Long-term FinancingTo purchase new asset or equipmentTo finance the permanent part of the working capitalTo enhance the cash flow in the firmTo invest in R&D operationsTo construct or build new construction projectsTo develop a new product

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