Question

Why it is said to finance the lifeblood of an organization

Answer 1

Answer:

blood is the snswerrrrr

Answer 2

Answer:

Finance is considered as the lifeblood of an industry because finance is the master key that provides access to all the sources for being employed in manufacturing and merchandising activities. The success of an organisation largely depends on efficient management of its finance

As blood is important for body of living beings, similarly finance is important for business to survive. Meet its day-to-day required i.e. for purchasing assets short-term and long-term, for its working capital etc. ... Thus, it is known as life blood of the business/organisation