Financial Management beneath Limited Resources:
Financial management can assist you if you have limited resources and you wish for to survive in business. You must have to appoint a finance manager who has excellent knowledge of financial management. He will build special strategy to get money for your business. He too establishes the co-ordination with other departments. Since if resourcing are falling due to diminishing of demand of our product. There might be some default in marketing department. When there is no problem of decreasing demand although due to delay of scarcity of raw material, we are not providing our products on the demand. At that time, finance manager will set up his co-ordination with production department. He can give special fund for buying the raw material on high cost from various suppliers however taking this decision, he will guess whether it will raise company's sale and reduce overall cost of production.
In simple words, I can say that it is the duty of finance manager to know the reason of limited resources first. Only after this, he must acquire finance for resolving this trouble.
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