Question

Inventory requires considerable investment for most manufacturers, wholesalers, and retailers. This problem is complicated by the fact that most goods are manufactured four to nine months before they are actually sold to consumers. Manufacturers that engage in this type of speculative production often need short-term financing to do all of the following except

Answer 1

Manufacturers that engage in this type of speculative production often need short-term financing to do all of the following except buy equipment.

The term "short-term finance" refers to funding requirements for a brief period, often less than a year. It is often referred to as working capital finance in firms. This kind of financing is typically required because of the inconsistent cash flow into the firm, the seasonal nature of operations, etc.

Small business owners can access the cash they need to pay unexpected bills, bridge cash flow gaps, purchase inventory, or seize business opportunities with the aid of short-term business loans.

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