Importance and Sources of Finance In Business
Finance is a key driving factor in any business. The importance of finance can be briefly described by the statement, €Finance is the Blood of Business€. It can be understood that as the human body cannot function properly without blood in the body, the same way a business cannot function properly without sufficient finance. As like human body would get sick the business would also turn out to be sick due to lack or improper management of finance. The important of finance is largely understood in the business and thus there are special departments generated within the business to look after the proper management of finance. The role of the finance department in the business is to look after the ways to get funds in business and also to constantly look after the proper utilization of existing profits in the business.
Author: Regular Articles
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