Business finance refers to ______ and _______ employed in a business.
Business finance refers to money and credit employed in a business. It involves the procurement and utilization of funds for business purposes. The following characteristics of business finance will make its nature clear:
1. Business Finance includes all types of funds used in business. (e.g. Owners' Funds, Borrowed Funds).
2. Business finance is required in all types of organizations whether large or small, manufacturing or trading.