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What is finance? In business studies


Anand kumar 23rd Jun, 2019
Answer (1)
Amita Marotkar 23rd Jun, 2019

Hello,

Finance, in simple words, means funds. With respect to Business studies, it means the arrangement of funds for business operations and activities revolving around the same. The capital contributed by the businessman to establish the business is sometimes not enough, so to fulfill that requirement, various sources of funds are put to use. Business finance is an essential requirement for the establishment of any business and for smooth operation as well.

Business finance means the management of assets and money for any company. The primary focus is to increase profit and minimize financial risks. Business finance covers many occupations, such as in global finance, budget analysis, portfolio management, and financial forecasting.

Hope this helps!

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