Why is finance required for business? - Vidyadip

Question

Why is finance required for business?

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Answer

Finance is referred as "life blood of enterprise", having persistent demand. The demand for finance is not only recurring but ever mounting to meet out ever increasing requirements of capital for:

Commencement.
Day to day operation.
Modernization activities.
Expansion.
Diversification.
Research and development activities.

Finance is one of the basic foundations of all kinds of economic activities. It is the master key which provides access to all the other sources for being employed in manufacturing and merchandising activities.

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