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Funding a business
How Do You Define The Term "Business Finance"?
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[QUOTE="Kingsley, post: 206065, member: 30278"] I will define business finance as all methods that are employed to make plans and design or formulate ways to generate and manage funds In other to run a business effectively and efficiently. Business finance covers all areas that cut across project evaluation, and project selection and project execution. When we look at project evaluation we will take into consideration all those areas that touches the viability of a particular project, here enough analysis will be carried out to ascertain whether the business will be viable or not in a case where after much calculation had been carried out and it was discovered that the project will not be viable such project will either be abandoned or re-evaluated. Then if the project is found to the viable the project will proceed to the next stage which will be the selection stage, the selection stage happens as a result of thr fact that there are somany other viable project, hence the most viable will be selected looking at financial the constraints and other factors that must her been put into consideration during the evaluation stage. Then when the selection stage has been fully completed we move to the execution stage where the project will be carried out. [/QUOTE]
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How Do You Define The Term "Business Finance"?
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