which is the life blood of business?
Answers
Explanation:
Effective communication is life blood of every organization and a key to success in our business career and our personal life . Effective communication is vital for inside the company because can be better motivated and more efficient by it.
Hope it's helpful for you mate .
Finance is the lifeblood of business.
What is finance in business?
Business finance refers to finances obtained by firm owners to suit their needs, which may include starting a business, acquiring more funds to finance business operations, obtaining finance to acquire capital assets for such business, or dealing with an unexpected financial crisis.
Finance is the lifeblood of any business organization for the following reasons:
(a) Finance is essential for the smooth and continuous operation of company activities.
(b) Finance is needed for the establishment of the business in order to cover preliminary expenses and promotion costs.
(c) Capital is required to begin the firm by purchasing fixed and current assets.
(d) A company needs funds to diversify and modernize its manufacturing process.
(e) Business finance is required for business success and development.