Q. Determine the financial requirements of the business ?
Decisive the Financial Needs: - The initial task of the financial management is to estimate and determine the financial requirements of the business. For this reason the short term and long term needs of the business are estimated separately. While determining the financial necessitates the financial management should take into consideration the:
- Nature of the Business
- Possibilities for future expansion
- Attitude of the management towards risk
- General economic circumstances etc.