MANAGEMENT

BUISENESS MANAGEMENT

FINANCIAL MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
____ is called as the life blood of business
A
Finance
B
Marketing
C
Employees
D
Profit
Explanation: 

Detailed explanation-1: -Therefore Finance is called the lifeblood of a Business Organization, without it, the heart or brain of a business cannot function.

Detailed explanation-2: -"Finance is the life blood for business enterprises".

Detailed explanation-3: -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 organization largely depends on efficient management of its finances.

Detailed explanation-4: -Profit is the lifeblood of every form of business, be it a sole proprietorship, partnership or a corporation. In its simplest form, profit is defined as “the money that is earned in trade or business after paying the costs of producing and selling goods and services” (Cambridge Dictionary 2017).

There is 1 question to complete.