a newly established business organisation specilalizing in the sale of electronic goods wants business promotes offer yourself for the post with details of your qualifications,to the address, given below:. number one electronics,P.O.BoxNo.206.Thimmapuram,kakinada
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The financial concept discussed in the paragraph is Financial Planning. Its importance can be highlighted from the following factors:
a. Helps in facing eventual situations: Financial planning helps in forecasting the future situations. In this way, it prepares an organisation to cope with the adverse situations in a better manner.
b. Helps in avoiding surprises and shocks: Through financial planning, an organisation can detect situations of shortage or surplus of funds that may arise in future. Therefore, it prepares the managers in advance for such situations.
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