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What is Business Finance?

Business finance is the management of money and other assets in a business. Financing is the act of bringing money into a business for the purpose of expanding operations, or purchasing new assets. Entrepreneurs need to fully understand the principles of financing in…

The Role of Finance and the Financial Manager

Any company, whether it’s a small-town bakery or General Motors, needs money to operate. To make money, it must first spend money—on inventory and supplies, equipment and facilities, and employee wages and salaries. Therefore, finance is critical to the success…