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Question : Case Study: ABC Corporation - Financing Growth Strategies

ABC Corporation, a leading manufacturing company, is looking to finance its growth strategies. The company is exploring various sources of business finance to achieve its expansion goals.

Questions : Business Finance and Expansion

Which financial decision involves choosing the appropriate sources of funds for business activities?

Option 1: Marketing strategy
 

Option 2: Inventory management
  

Option 3: Financial planning

    

Option 4: Human resource allocation


Team Careers360 4th Jan, 2024
Answer (1)
Team Careers360 19th Jan, 2024

Correct Answer: Financial planning


Solution : The correct answer is (c) Financial planning

Financial planning is the process of determining the company's financial goals and objectives and developing strategies to achieve them. It includes decisions related to choosing the right sources of funds to support business activities, manage operational costs, fund expansions, invest in new projects, and achieve sustainable growth. It's about efficiently managing financial resources to align with the company's strategic goals and ensure financial stability and success. Marketing strategy, inventory management, and human resource allocation are important aspects of business operations but are not specifically focused on selecting funding sources.

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