Typically,________ is needed to purchase the business's permanent or fixed assets.
A)working capital
B)growth capital
C)fixed capital
D)None of the above

Question

Quizplus · Accepted Answer

Fixed capital refers to the long-term assets of a business such as land, buildings, equipment and machinery. These assets are not easily converted to cash and typically require a significant amount of capital to acquire. Working capital, on the other hand, is used to finance the day-to-day operations of a business and growth capital is used to fund expansions or new ventures.

Typically,________ Is Needed to Purchase the Business's Permanent or Fixed