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Importance of finance - Coggle Diagram

- - - - Expenditure on non-current assets
      - Assets that will be used many times and for more than a year
      - exp: buildings/machinery/ IT equipment
    - - Capital necessary to manage day.to-day operations
    - - Finance required for research and develpoment
      - helps generate new revenue streams
    - - Effective marketing and advertising require finance to develop and execute marketing campaigns, create advertising material etc
    - - Businesses need finance to manage risks and protect against unforeseen events
    - - Many businesses need to service debts, such as loans or credit facilities
    - - Finance provides a metric to measure business performance