Finance is the lifeblood of industry

Finance Dec 18, 2020

Finance is the lifeblood of industry. Explain.

Expert Solution

The finance department in any business has to supply the necessary funds to all other departments so as to enable the success of their activities. It also determines areas in the business that would need additional financial requirements and therefore supplying the needed resources to fund them. The entire industry is directly related to profit-making and so its success depends on finance

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