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Business:FinanceF
T5
| Question | Answer |
|---|---|
| When a business decides to become more environmentally friendly | There may be increased costs to monitor, it may need extra finance- finance function will provide this |
| When the business is thinking about changing production methods | A prediction in changes of costs will be needed from the finance function as well as what extra finance will be needed and how the changes might affect cash flow |
| When the business wants to change the way it markets its products | The finance department would provide information about the costs of these new advertising methods and may need to raise extra finance |
| Financial Information | Includes details of profit, loss, cash flow, break even, profit margin and average rate of return. These can be used to help make businesses decisions |