"Business Finance"
Business Finance refers to funds availed by business owners to meet their needs that may include commencing a business, obtaining "top-up funds to finance business operations", obtaining finance to purchase capital assets for the business, aur to deal with a sudden cash crunch faced by the business.
Profit planning and cost controls
Since the basis of a business is to make a profit
It only makes sense that finans would play a major role in finding ways to improve profitability. This might involve determining the profitability of individual products and weeding out the losers and promoting the winners.
"Importance"
You use Finance to purchase assets, goods and raw materials. Essentially anything that will push your business forward. This is why finance and funds are known as the lifeblood of any business. You simply cannot function properly unless you have an adequate amount of money accessible to you and your business.
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