BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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their buyers’ forecasts for the coming season
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matching sales and inventory levels
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decreasing inventory turnover
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their investment in capital assets
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Detailed explanation-1: -Most retail stores are mainly concerned with: their buyers’ forecasts for the coming season. matching sales and inventory levels. decreasing inventory turnover.
Detailed explanation-2: -Financial Management is a study of planning, designing, directing and managing the economic activities such as the utilization of capital and acquisition of the firm. To put it in other words, it is applying general management standards to the financial resources of the firm.
Detailed explanation-3: -The field of finance is closely related to the fields of: statistics and economics.
Detailed explanation-4: -Working capital refers to the capital mobilised for meeting. (A) Long-term financial needs of the company. (B) To meet day-to-day financial obligations of the company. (C) To meet the future financial requirements of the company.