Question

What is the main purpose of business finance?​

Answer 1

Answer:

Explanation:

The main purpose of business finance is to invest money .

The purpose of finance is to help people save, manage, and raise money.

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Answer 2

Business finance is a tool that encompasses a large portion of management activities. Finance provides owners and managers with mathematical and statistical formulas to assess their companies' effectiveness and efficiency. Many businesses use finance tools that allow owners and managers access to time-tested management techniques for improving their companies' operations.

Budgets are a common finance tool in business. Business owners use budgets to create road maps for their companies' future expenditures. Manufacturing and production companies use budgets to track variances from their production processes. Variances can indicate companies are spending more or less money on production. Business finance allows owners and managers to assess the variances and determine if they are favorable or unfavorable.