Answer:
Ans. A business needs finance because: 1. Business is concerned with production and distribution of goods and services for the satisfaction of needs of society. There are four factors required for any production. land, labour, capital and entrepreneur. All these factors need to be paid for their services. 2. No business can be carried without availability of adequate funds. 3. As soon as a decision is taken to start a business, requirement of funds initiates. 4. Finance is called 'life blood of a business'. 5. It is very important to assess financial needs of the organization and the identification of various sources of finance.
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