Business Studies

Financial planning works towards ____________.


ANSWER

ensuring that the firm faces neither a shortage nor a glut of unusable funds


SOLUTION
Financial planning is the process of estimating the capital required and determining it’s competition. It is the process of framing financial policies in relation to procurement, investment and administration of funds of an enterprise.
Hence financial planning relates to optimum utilization of funds and ensure full utilization of unusable funds too.
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