A business would like to invest in a new product, but they are short on extra cash for such purposes. They are in a good position as a business, but but are though: Their employee costs are average, their market share is relatively high, and they have enough inventory on hand to last for months. What would be one good solution if they want to find extra cash for the new product?
One good solution for the business to find extra cash for the new product would be to secure a business loan or line of credit from a bank or financial institution. They can leverage their strong position as a business with average employee costs, high market share, and sufficient inventory on hand to present a favorable case to lenders. By demonstrating the potential profitability of the new product and providing a detailed business plan, they can access the necessary funds to invest in the new product's development and launch.
