What are the four reasons why companies need to obtain financing? Wha

QUESTION

What are the four reasons why companies need to obtain financing?

What will be an ideal response?

ANSWER

Answer: Companies need to obtain financing to manage everyday business activities, extend credit to their customers, keep enough product available, and make major investments.
Explanation: Companies, large and small, need funds for managing everyday business activities, extending credit to their customers, keeping enough product available, and making major investments.