NCERT Business Studies Class 12 |Financial Management chapter 9|cbse class 12|PUC/CBSE notes class 12
cbse class 12 business studies notes https://sugarybloom.blogspot.com/ class 12 business studies chapter 9 notes Chapter-9-Financial Management Important Questions and Answers 1.Explain the meaning of Business Finance Money required for carrying out business activities is called business finance. All business requires some finance for its activities .Finance is required for running a business, or for expanding or diversifying it. For buying assets also, finance is required.Assets can tangible or intangible assets. Finance is needed to establish a business, to run it, to modernise it, to expand, or diversify it. It is required for buying a variety of assets, which may be tangible like machinery, factories, buildings, offices or intangible such as trademarks, patents, etc 2.Explain the concept of financial management. Financial Management is concerned with optimal procurement as well as the usage of finance. For optimal procurement, different available sources of finance ar...