मराठी

Concept of Finance in Business

Advertisements

Topics

  • Introduction
  • Uses of Finance in Business
  • Real-Life Application
  • Key Point Summary
Maharashtra State Board: Class 11

Introduction

Finance is essential for a business, just like blood is needed for life, businesses need money to start, run, and grow. Good financial management decides whether a business succeeds or fails.

Maharashtra State Board: Class 11

Uses of Finance in Business

Maharashtra State Board: Class 11

Real-Life Application

  • Trade Credit: Like buying books now and paying your friend at the end of the month.
  • Retained Earnings: Saving your pocket money for a bigger purchase later.
  • Bank Loan: Borrowing money from parents, but with an agreement to return it, often with interest.
Maharashtra State Board: Class 11

Key Point Summary

  • Every business needs finance for various stages and activities.
  • Sources of finance can be internal/external, and short-term or long-term.
  • Selecting the right source has a significant impact on a business's health, cost, and future growth.

Test Yourself

Advertisements
Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×