Respuesta :
Making decisions about how Thread-less should allocate its resources to both current and future product innovations may be a process known as Financial management.
Financial management :
Financial management are often defined as the strategic planning, organizing, directing, and controlling of monetary resources in an organisation.
Financial management are often applied in making the following decisions in an organization:
Investment decision
Dividend decision
Financing decision
It also involves applying the principles of management to the financial assets or allocation of resources in a corporation .
Therefore, Financial management is that the decision used to allocate resources to both current and future product innovations in a company.
What is the main purpose of financial management?
The primary objectives of financial management are: Attempting to reduce the cost of finance. Ensuring sufficient availability of funds. Also, handling the planning, organizing, and controlling of monetary activities like the procurement and utilization of funds.
Learn more about principles of management :
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