Selecting financial solutions 0.0 / 5 ? Business StudiesFinancial PlanningA2/A-levelAQA Created by: Georgew298Created on: 10-04-16 13:35 What are financial strategies? Medium to long term plans that achieve the aim of the finance department 1 of 8 Internal sources of finance Retained profit, sale of assets & sale and lease back 2 of 8 External sources of finance Share capital, long term loans and debenture (long term 3 of 8 Methods of debt management Debt consolidation, pay off existing loans, pay off suppliers and collect debts 4 of 8 What is a profit center? A section of the business that generates both revenue and costs (e.g. Branches, departments and product lines) 5 of 8 Reasons for implementing profit centers Bench marking, motivation of employees and setting budgets 6 of 8 Direct cost minimisation Stock, wages 7 of 8 Indirect cost minimisation Rent of premises, marketing, admin, utilities 8 of 8
Evaluate 3 strategies that a company such as The GBB group could use to deal with conflicting stakeholder objectives. [20] 0.0 / 5
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