Question

Why might a business want to use a bank? What are the costs to the business owner? What are the benefits? Give an example of why a business owner would use a bank.

Answer 1

A business may get a loan to complete its work, delivery and other things on time. This will earn them profit and hence increase their earnings. The costs to the owner are the things which he bought, and the labour.

Answer 2

The cost also includes the interest on loan. But it may result in higher earning so that's the benefit.

Answer 3

thanks! :)

Answer 4

Ur welcome! I hope you can make up an example on your own? :) You can make a story on how a businessman/woman uses a loan for his/her benefit.

Answer 5

hi

Answer 6

lol hi

Answer 7

HELLO