
To determine: The type of activities does
Introduction: Financial Management implies arranging, managing, coordinating and controlling the money related activities, for example, acquisition and use of resources of the venture. It implies applying general administration standards to money related resources of the venture.

Explanation of Solution
The type of activities does financial management involve for a business firm are as follows:
Financial management comprises of the considerable number of activities worried about acquiring cash and utilizing it successfully. This incorporates activities, for example, confirming that the original investment by the proprietors is satisfactory, guaranteeing that sales incomes are adequate to pay the organization's costs, guaranteeing short-term financing is accessible when required, and accommodating long term financing for development.
Want to see more full solutions like this?
Chapter 16 Solutions
Foundations of Business - Standalone book (MindTap Course List)
- I need help with completing the following Been tasked with working as part of a marketing team to perform a 4P analysis to present to your leadership. You will first share the information with the team for feedback and consensus. Marketing Plan Proposal Product Strategy How can I decribe the product or service. Justifing the need for the product or service. Pricing Strategy How can I Explain the cost of the product or service. Placement Strategy How can I Describe the delivery method of the product or service. Promotion Strategy What Propose a process to promote your product or service within the community.arrow_forwardI need answer typing clear urjent no chatgpt used pls i will give 5 Upvotes.arrow_forwardIn your expert opinion, what do you think is the most effective and efficient way for small business owners to promote and market their products/services? Why? How have you seen the use of referrals and word of mouth advertising work to the benefit of a small business owner? Please would you kindly provide some examples. How have these methods worked in reverse (to the disadvantage of the owner but possibly benefit the competition)?arrow_forward
- In your Expert Opinion, How do the risks differ when you start your business using a purely product development process versus a purely customer development process approach? What are the elements that go into a customer profile and why is each one useful? What are some of the ways that you could use secondary research to better understand the various segments of your market and to develop promotional materials?arrow_forwardWhat marketing challenges might arise should a major health care provider stop offering a product or service that is socially popular but economically unprofitable? What marketing elements should be considered before a health care provider eliminates such a product or service?arrow_forwardChoose a company, conduct an in-depth analysis of the identification of variables that are the target of the company's market segmentation, and provide examples of what the company has done to meet its targetsarrow_forward
- Travel agencies lose business because passengers book their flights directly on airline websites. give me suggestion on the possible new business line options for passengers who wish to travel, so that the company can replace the loss of airline ticket sales at the agency.arrow_forwardOne of our favourite products is a mobile phone. One popular brand is the Clear Voice GA8. Theproduct is a midrange mobile handset with amazing features and benefits. Some of the phone’s iconicfeatures include a large 4 GB RAM, 166g weight, a durable Corning Gorilla Glass 3, 25MP cameras, anenhanced octa-core processor, 64GB of internal memory, fast battery charging, and fingerprint sensor.These features make the product an outstanding offering in the midrange phones market. Before itsrelease in 2019, purchasing a handset with similar features was a luxurious venture only left to theelite and wealthy persons in society.The product has a lot of benefits depending on the user. Users enjoy multiple benefits from the ClearVoice GA8. It does not lag due to the inclusion of Mali G72 MP3 in its processor (“A 8,” n.d.). As such,the product allows for the performance of multiple actions simultaneously. The gadget has anexpandable memory of up to 128GB. It, therefore, allows the user to save as…arrow_forwardyear 10 of b glo busarrow_forward
- Foundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage LearningFoundations of Business - Standalone book (MindTa...MarketingISBN:9781285193946Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning

