Question

State the importance of business finance​

Answer 1

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State the importance of business finance

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• finance is one of the most important aspects of a business.
• With huge funds, daily cash flow and continuous transaction, managing and monitoring all of the above turn necessary.
• To be specific, financial management helps the organization determine what to spend, where to spend and when to spend.

Answer 2

Answer:

The role of finance in business is also to make sure there are enough funds to operate and that you're spending and investing wisely. The importance of business finance lies in it's capacity to keep a business operating smoothly without running out of Cash while also securing funds for longer-term investments.