Every day new businesses open and close. It's a fact of life, but why do some businesses succeed where others fail? You could say it comes down to the quality of the product, the effectiveness of the marketing campaign, or the level of customer service. All those could be valid reasons, but ultimately it all comes down to how well the company managed its finances. With the appropriate amount of financing, a business is able to provide the level of quality it needs to succeed.
Though it takes more than just a large sum of money to succeed, it also takes financial planning. What are the best investments? When should a business take out debt? How will it maintain regular cash flows? With each decision, even more choices arise. This is where managerial finance comes in. With a background in managerial finance, managers are able to assess financial options and make the best choices for their particular situations and companies. In this course, you will become knowledgeable about financial concepts and apply them to different financial situations, and gain confidence in your ability to make sound financial decisions.
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