Jun 21st, 2015
Studypool Tutor
Price: $10 USD

Tutor description

Microfinance is defined as any activity that includes the provision of financial services such as credit, savings, and insurance to low income individuals which fall just above the nationally defined poverty line, and poor individuals which fall below that poverty line, with the goal of creating social value.

Word Count: 6993
Showing Page: 1/33
Finance Financial management Refers to the long termEnsures a business achieves its goals and objectivesStrategic role of financial management involves a key number of areas:Achieving long term profitabilityAchieving increased wealth for investorsAchieving great efficiencies (cost reduction) within the business. Increased efficiencies reduce costs. A reduction in costs leads to increase in profitObjectives of Financial ManagementProfitability ? is the ability to maximize profitsGrowth the ability to increase in size in the longer termEfficiency cost minimizationLiquidity the ability to repay short term debtSolvency the ability to repay long term debt e.g. mortgageProfitabilityThe process of maximizing revenue (sales) and minimizing expenseMaximize:New promotional campaignsGrowth strategies such as the release of products/storesMinimizingOutsourcing e.g. products are made in other countriesChange in productsIn 2013-14 Apple achieved a profit of $40 billionI-pad air/I-pad miniReleased an I-phone 5s/5c30% of the price of all apps go directly to AppleMinimizing expensesProduction based in Fox-conManufacturing in AsiaMinimal expenditure on marketing, customer loyalty and strong brand awarenessEfficiencyMinimizing expensesAchieving the lowest possible product costReducing expensesStrategiesOutsourcing productionSource cheaper suppliesHow Apple achieves efficiency:Outsourcing production to Fox-conAchieve production

Review from student

Studypool Student
" Awesome! Exactly what I wanted. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1819 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors