Home | | Commerce 11th std | Meaning and Definition Business Finance

Chapter: 11th Commerce : Sources of Business Finance

Meaning and Definition Business Finance

The finance function is the process of acquiring and utilizing funds by a business.

Meaning and Definition Business Finance

 

Meaning of Business Finance

The term business finance denotes the economic resources employed in business enterprises. This term  includes  money  and credit employed in the business. Business finance is mainly concerned with arrangement of cash and credit for the business enterprises to carry out their day to day operations smoothly.

It is clear from the definitions given above that the term ‘business finance’ is mainly concerned with not only acquisition of funds from various sources but also with effective and efficient utilisation of the finance mobilised therefrom.

 

Definition of Business Finance

“The finance function is the process of acquiring and utilizing funds by a business.”

– R.C. Osborn 

“Finance is that business activity which is concerned with the acquisition and conservation of capital fund in meeting the financial needs and overall objectives of business enterprises.”

- B.O.Wheeler

 

Study Material, Lecturing Notes, Assignment, Reference, Wiki description explanation, brief detail
11th Commerce : Sources of Business Finance : Meaning and Definition Business Finance |


Privacy Policy, Terms and Conditions, DMCA Policy and Compliant

Copyright © 2018-2023 BrainKart.com; All Rights Reserved. Developed by Therithal info, Chennai.