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Answer the Following Question. Give the Meaning of Financial Management. - Business Studies

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Definition

Answer the following question.
Give the meaning of Financial Management.

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Solution

Financial management refers to the efficient acquisition, allocation, and usage of funds by the company. It is carried out with the primary aim of reducing the cost of the funds that are procured, minimizing the risk, and effective distribution of funds to different opportunities.

Concept: Concept of Financial Management
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