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Question : Case Study: XYZ Ltd. - Raising Finance for Expansion

XYZ Ltd. is a growing company that manufactures electronic gadgets. The company has been successful in the market and is planning to expand its operations. To finance this expansion, XYZ Ltd. is considering various sources of business finance.

Questions : Meaning and Need for Business Finance

Which financial decision involves selecting the appropriate sources of funds for a business?

Option 1: Production planning
 

Option 2: Marketing strategy
 

Option 3: Financial planning

   

Option 4: Human resource management


Team Careers360 3rd Jan, 2024
Answer (1)
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Team Careers360 7th Jan, 2024

Correct Answer: Financial planning


Solution : The correct answer is (c) Financial planning

Financial planning entails determining the company's financial goals and objectives and devising strategies to achieve them. Selecting the right sources of funds is a crucial aspect of financial planning, as it involves evaluating and choosing the most suitable options for obtaining the necessary funds to support the business's operations, growth, and expansion. This decision is essential for ensuring the financial health and sustainability of the company.

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