I came across this in a practice test and wonder if anyone knows what it refers to. Is it stuff like distribution of payments, supplier rationalisation, factoring, sale and lease back, etc? Or is it referring to cost and revenue controls or something else? I wasn't really sure, so thanks for any help. For once the question wasn't about a syllabus heading D=
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Financial Planning Strategies (1 Viewer)
- Thread starter Marinatos
- Start date
I can tell, that the question may have been worded like
Outline the financial managment strategies.
From my point of logic I came up with this. Remember to think of what these phrases mean Financial Management Strategies. Okay so we know what Financial means monetary resources(cash), Planning means thinking of ways to achieve a certain objective or goal. Just by understanding the meaning of these words will also assist you in compiling the Business Terminology, even if you do not remember the full content, you can use this style, I think that it is the easiest style to use, I use it myself. For example, if a business simply wishes to raise its finances(profitability), the business will have to draw up a Stratgic Plan that sets out a target of 4% profit, the marketing department will then have to make sure that they then work their way into analysing the consumer tastes to be able to bring in the revenue to the business.
Outline the financial managment strategies.
From my point of logic I came up with this. Remember to think of what these phrases mean Financial Management Strategies. Okay so we know what Financial means monetary resources(cash), Planning means thinking of ways to achieve a certain objective or goal. Just by understanding the meaning of these words will also assist you in compiling the Business Terminology, even if you do not remember the full content, you can use this style, I think that it is the easiest style to use, I use it myself. For example, if a business simply wishes to raise its finances(profitability), the business will have to draw up a Stratgic Plan that sets out a target of 4% profit, the marketing department will then have to make sure that they then work their way into analysing the consumer tastes to be able to bring in the revenue to the business.