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Rohit is running a travel agency. …

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Rohit is running a travel agency. The nature of business does not require too many fixed assets. However, he is planning to open another office in Singapore and to meet the financial needs he has applied for a long-term loan from a bank. Do you think it will be easy for him to get the long-term loan? Why/Why not?

Posted by Devansh Sharma 3 years, 7 months ago

CBSE > Class 11 > Business Studies

1 answers

Khushpal Singh 2 years, 8 months ago

Definitely yes because term loans are provided by the banks to their customers for a fixed period to purchase fixed assets.

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