Question

what are the significance of business finance ?​

Answer 1

Answer:

significance of business finance are -

• Necessary for establishing a business

• Necessary for running the business

• Necessary for the modernisation of business

• Necessary for the expansion of business

• Necessary for facing recession

• Necessary for increasing goodwill

• Necessary for availing the business opportunity

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Answer 2

Business finance is very important for keeping a business functional.

Explanation:

1. Business finance is one of those requirements in any business organization without which the most basic activities cannot be carried out.
2. Business finance is required for carrying out research and development activities.
3. The finance is also used for paying wages and salaries to the workers as well as the managers.
4. Business finance is also helpful in procuring assets and paying off liabilities of the business.