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प्रश्न
‘Finance is the elixir for any business’. Justify the given statement.
थोडक्यात उत्तर
उत्तर
- Finance assists in the formation of new businesses and allows businesses to take advantage of opportunities to grow and expand.
- A business needs funds to:
- Promote or establish the business
- Acquire fixed assets
- Make market investigations
- Develop products
- Keep men and machines at work
- Encourage management to make progress and create value.
- Expand, diversify, improve, and grow.
- The significance of finance in an enterprise is like a lubricant to the process of production. Finance is the elixir for any business as nothing happens without money.
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Concept and Elements of Business Opportunity
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संबंधित प्रश्न
What is a business opportunity?
Write the meaning of product identification in terms of business opportunity.
“An opportunity may be derived from the needs and problems of the society.” Comment.
Assertion (A): The basic test of a successful entrepreneur is the identification of business opportunity in the environment.
Reason (R): In order to be successful an entrepreneur needs to initiate steps to produce and sell goods and services to make the best use of that opportunity.
