Discuss the value and use of financial knowledge to a business manager.© BrainMass Inc. brainmass.com October 10, 2019, 7:37 am ad1c9bdddf
A business manager is responsible for many financially-related duties such as evaluating the financial health of a business, raising the capital needed for business projects, determining which projects will contribute most to the future of the business, budgeting, and investing. Financial knowledge will allow a business manager to increase the value of the business.
A business manager must be able to turn a profit by managing both the operations expenses and the financing costs. Although the business may sell a large quantity of products, this does not necessarily generate profit. A business manager needs the financial knowledge to maximize profits by cutting costs or increasing sales to make sure that the business will be able to meet its financial goals. A business manager ...
This solution discusses the financial knowledge that a business manager must possess in order to manage a successful and profitable business.