(a)[2]
Define the term 'debt factoring'.
(b)[3]
Briefly explain how leasing might be used by a business to improve cash flow.
Business 9609 · AS & A Level · Sources of finance
Sources of finance — practice question
Worked solution & mark scheme
This 5-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Sound definition: business sells its debts/invoices to a debt-factoring (third party) company.” …
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