MANAGEMENT

Detailed explanation-1: -Finance is defined as the management of money and includes activities such as investing, borrowing, lending, budgeting, saving, and forecasting.

Detailed explanation-2: -Meaning of Business Finance It refers to the corpus of funds and credit employed in a business. Business finance is required for purchasing assets, goods, raw materials and for performing all other economic activities. Precisely, it is required for running all the business operations.

Detailed explanation-3: -The benefits of financial management enable businesses to pay their bills, understand their profitability, grow positive relationships with vendors, clients, and customers, pay competitive salaries and more.

Detailed explanation-4: -Financial management is important to an organization because it helps determine how to acquire and distribute funds, make important financial decisions, improve profits, increase the value of the company, and keep the business financially stable.