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3.1.1 List three sources of business information.

3.1.2 Distinguish between verbal and non-verbal communication.

3.1.3 List four types of borrowed capital.

3.1.4 Explain why businesses need capital.

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Final answer:

The answer covers sources of business information, verbal vs. non-verbal communication, types of borrowed capital, and the importance of capital in business.


Explanation:

Sources of Business Information:

  1. Internet: Online databases, industry reports, and websites.
  2. Market Research: Surveys, interviews, and focus groups.
  3. Financial Statements: Balance sheets, income statements, and cash flow statements.

Verbal vs. Non-verbal Communication:

Verbal Communication: Involves spoken or written words.

Non-verbal Communication: Involves gestures, facial expressions, and body language.

Types of Borrowed Capital:

  1. Bank Loans
  2. Bonds
  3. Credit Lines
  4. Trade Credit

Importance of Capital in Business:

Businesses need capital to start operations, expand, invest in resources, and cover expenses. Without adequate capital, businesses may struggle to grow and compete in the market.


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