Role of finance for businesses

IB Business Management: Role of finance for businesses

Finance is necessary for all business, from starting up a new business, to upgrading its capital equipment or to funding its expansion plans. Businesses need to various sources of finance to pay for their operational / daily cost, such as:The finance department of an organization is responsible for overseeing its financial management. The purpose, or need, for finance can be characterised as either capital expenditure...

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