Why is money important for a business's success?
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Answer:
Money is vital for a business's success as it covers day-to-day expenses, fuels growth, supports innovation, enables marketing, mitigates risks, and much more. It's the backbone of a business's operations and expansion.
Answer:
Why is money important for a business's success?
Explanation:
For a firm, money is crucial because it is required for survival and expansion. Businesses require cash to pay for inventory, pay workers, rent or buy real estate, and other costs. A company won't be able to sustain itself over the long haul without enough cash. A business will struggle to carry out ordinary tasks like paying suppliers, purchasing raw materials, and paying its staff, much alone making investments, without producing enough revenue to cover its needs. Additionally, it must to have enough cash on hand to satisfy its investors by paying dividends.