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Definition: Financial Management is the process of planning, organizing, controlling, and monitoring the financial resources of an individual, organization, or business to achieve financial goals and objectives. It involves making informed decisions about how to allocate, utilize, and invest funds effectively and efficiently. |
More on financial management: Absorption Costing, Accounts Receivable Factoring, Credit Management, Credit Rating, Customer Profitability Analysis, more on financial management... MBA Brief provides concise yet precise definitions of organizational concepts, management methods, and business models as taught in an MBA program. We keep it short and provide links to high-quality websites where you can learn more about your topic.
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