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WAEC Marketing 2017 Question 15

Question 15

Marketing Finance

A private limited liability company can source funds through

  1. A.sale of shares.
  2. B.transfer of shares.
  3. C.loan from banks.
  4. D.government grants.
Show the answer and explanation

Answer: C (loan from banks.)

Explanation

A private company cannot sell shares to the public, so bank loans are a key source of funds.