State any three points of importance of financial planning
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(i)Helps in forecasting alternative business plans
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(ii)Helps to avoid business shocks.
(iii)Helps in coordinating various business functions.
(iv)Helps in linking present with the future.
(v)Helps to eliminate wasteful efforts.
(vi)Provides a link between investment and financing decisions.
(vii)Facilitates financial control.
(viii) Helps in avoiding wastage of finance.
(ix)Helps in proper utilisation of funds.
(x)Helps in operational activities.
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