How is finance the lifeblood of an organization?
Before we start a business we should consider mainly about our financing methods. We should use long term financing methods like long term loans and we should use use short term methods for satisfy day to day working capital requirements..
Finance Does Affect Society In Various Ways As It Is The Very Lifeblood Of Any Organization Or Household,Without The Source Of Finance It Might Be Almost Impossible To Operate So Finance Is Needed And It Is One Departnment That Can Never Be Ignored...Purchasing Of Needs&Wants,Maintenance,Salaries,Capital,Water & Electricity Bill For Example All Require Some Sort Of Finance...(SirSebastian)
Finance has been called the life blood of business because it deals with the money and its requires funds for its day to day activities. Finance is considered the lifeblood of business because it carries 'oxygen' to all the interconnected systems - from the biggest down to the smallest financial system - and thus in the absence of it, this system will suffocate until it can no longer hold the chain. Furthermore, finance is the…