Question

How can one find the external financing needed?

1) By analyzing the company's financial statements
2) By conducting market research
3) By seeking advice from financial experts
4) All of the above

Answer 1

To find the external financing needed, one can analyze financial statements, conduct market research, and seek advice from financial experts.

Step-by-step explanation:

To find the external financing needed for a business, several methods can be used. These methods include:

1. Analyzing the company's financial statements to identify areas where additional funding may be required.
2. Conducting market research to understand the potential demand for the company's products or services, which can help determine the amount of financing needed.
3. Seeking advice from financial experts who can guide the best sources of external financing based on the company's specific needs and circumstances.
4. Combining all of these methods can provide a comprehensive approach to finding the external financing needed for a business.