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    The Importance of Cash Hint Sheet

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    jamesmannix
    Cash is important for businesses for several key reasons. It allows businesses to pay for raw materials to continue manufacturing products on time to maintain high customer satisfaction and reputation. Cash also enables businesses to pay staff wages to motivate employees and pay bills like electricity on time. Having cash can fund business expansions and attract investors by reducing the risk for the business. Ultimately, a lack of cash could threaten a business's survival.

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    © All Rights Reserved
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    The Importance of Cash Hint Sheet

    Uploaded by

    jamesmannix
    13 views1 page
    Cash is important for businesses for several key reasons. It allows businesses to pay for raw materials to continue manufacturing products on time to maintain high customer satisfaction and reputation. Cash also enables businesses to pay staff wages to motivate employees and pay bills like electricity on time. Having cash can fund business expansions and attract investors by reducing the risk for the business. Ultimately, a lack of cash could threaten a business's survival.

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    Cash is important for businesses for several key reasons. It allows businesses to pay for raw materials to continue manufacturing products on time to maintain high customer satisfaction and reputation. Cash also enables businesses to pay staff wages to motivate employees and pay bills like electricity on time. Having cash can fund business expansions and attract investors by reducing the risk for the business. Ultimately, a lack of cash could threaten a business's survival.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    13 views1 page

    The Importance of Cash Hint Sheet

    Uploaded by

    jamesmannix
    Cash is important for businesses for several key reasons. It allows businesses to pay for raw materials to continue manufacturing products on time to maintain high customer satisfaction and reputation. Cash also enables businesses to pay staff wages to motivate employees and pay bills like electricity on time. Having cash can fund business expansions and attract investors by reducing the risk for the business. Ultimately, a lack of cash could threaten a business's survival.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    Reason Explanation

    Helps pay for raw materials This means that the business can continue to manufacture their
    products in time, which will mean that customer satisfaction will
    remain high and the business can build its customer base on this good
    reputation.
    Enables the business to pay Think about what would happen if staff weren’t paid on time. Link this
    staff's wages to motivation!

    Enables the business to pay its Think about what would happen if the business didn’t pay for its
    bills electricity on time.

    Can be used to fund some Think about how a business may expand – what may they need cash
    expansion for? What may they have to do about finance if they didn’t have cash
    to expand.
    Can attract investment Who could invest in a business? Explain why they may find it attractive
    to invest in a business that has plenty of cash – think about risk!

    Survival of the business Why would a business struggle to survive without cash?

    THE IMPORTANCE OF CASH – HINT SHEET

    THE IMPORTANCE OF CASH – HINT SHEET

    Reason Explanation
    Helps pay for raw materials This means that the business can continue to manufacture their
    products in time, which will mean that customer satisfaction will
    remain high and the business can build its customer base on this good
    reputation.
    Enables the business to pay Think about what would happen if staff weren’t paid on time. Link this
    staff's wages to motivation!

    Enables the business to pay its Think about what would happen if the business didn’t pay for its
    bills electricity on time.

    Can be used to fund some Think about how a business may expand – what may they need cash
    expansion for? What may they have to do about finance if they didn’t have cash
    to expand.
    Can attract investment Who could invest in a business? Explain why they may find it attractive
    to invest in a business that has plenty of cash – think about risk!

    Survival of the business Why would a business struggle to survive without cash?

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