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Title: MONEY BASICS FOR SMALL BUISNESS
Description: The notes are based on the basics of money for smaller businesses. The notes also focused on Functions of cash, in the greater picture of the economy, play in business planning. Lastly, the notes focused on the most important startup cost for a firm, regardless of industry or business strategy?
Description: The notes are based on the basics of money for smaller businesses. The notes also focused on Functions of cash, in the greater picture of the economy, play in business planning. Lastly, the notes focused on the most important startup cost for a firm, regardless of industry or business strategy?
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Running head: MONEY BASICS FOR SMALL BUISNESS
MONEY BASICS FOR SMALL BUISNESS
Institutional Affiliation
Student’s Name
Date
1
MONEY BASICS FOR SMALL BUISNESS
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Functions of cash, in the greater picture of the economy, play in business planning
...
Money makes it possible for businesses to decide which want they desire to satisfy,
rank the wants based on their urgency and capacity (income) and act accordingly
...
As a benchmark of wealth, within the barter system, it is challenging to measure the value of
goods
...
Money acts
as a measuring rod of everything
...
It enables firms to plan based on making comparison of different
prices and it views the relative values of different products
...
It also enables firms to determine its entire net worth and, which might be
used to attract investors
...
The most important startup cost for a firm, regardless of industry or business strategy?
The most important startup cost for a firm is inventory
...
By selling products or services at a higher
price, firms would become profitable (Palley, 2011)
...
In relation to Capitalization, it has been defined as a
measure of a firm’s total value
...
MONEY BASICS FOR SMALL BUISNESS
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References
Mankiw, N
...
(2006)
...
Journal of Economic
Perspectives, 20(4), 29-46
...
(2011)
...
Empirica, 38(1), 3-17
Title: MONEY BASICS FOR SMALL BUISNESS
Description: The notes are based on the basics of money for smaller businesses. The notes also focused on Functions of cash, in the greater picture of the economy, play in business planning. Lastly, the notes focused on the most important startup cost for a firm, regardless of industry or business strategy?
Description: The notes are based on the basics of money for smaller businesses. The notes also focused on Functions of cash, in the greater picture of the economy, play in business planning. Lastly, the notes focused on the most important startup cost for a firm, regardless of industry or business strategy?