Question

Business finance is considered key to unlock individual, firms and economic challenges. As a student of business finance, what do you make of the statement and with four (4) reasons justify your position?

Answer 1

Business finance is considered to unlock individual, firms, and economic challenges because-

(A)Business finance is lifeline of any business and the whole business is dependent upon the finance so it has to be used appropriately

(B)Business finance helps in growth and prosperity of an organisation and individual so it should be used effectively in order to enhance growth.

(C)Business finance if used properly, will lead to increase in the overall worth of organisation and increase in the value of stakeholders, so it will help the organisation in achievement of goals and maximization of value

(D) For an individual, the Business finance will help him to get financially independent and make good decisions relating to his future and career.