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Thursday, October 22, 2009

Define Business Finance

Defining Finance:
Finance is the basic determinant of most business decisions. It lies at the base of every decision making process.

Other Definitions of Finance according to different writers:

According to C.A. Delter:
"All those activities which have to do with the provision and management of funds for the satisfactory conduct of business"

According to B.O. Wheeler:
"Business Finance is defined as that business activities which are concerned with the acquisition and conservation of capital funds, in meeting the financial needs and over-all objectives of business enterprise."


According to George Terry:
"Finance consist of providing and utilising the money, capital, rights, credit and funds of any kind which are employed in the operation of an enterprise."


According to Kriz and Dugger:
"Business Finance is the flow of capital and credit that makes business possible."

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10 Comments:

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