explain briefly the feature of business finance?
Answers
Answer:
Explain. Business finance is that business activity which is concerned with the acquisition or conservation of capital funds in meeting the financial needs and overall objective of a business enterprise. ... Prompt payment of debts builds credit worthiness of the business, so funds can be easily borrowed. 4.
Answer:
Business finance has following characteristics:
1. Business activities are not possible without finance. Financing is an essential business activity.
2. All business enterprises whether large or small need finance.
3. Small sized business enterprises need lesser funds, whereas large sized business houses need more funds.
4. Business finance includes borrowed funds and owned capital.
5. Business finance is a wider term. It is concerned with planning, acquiring, utilizing and managing funds.