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Long-term financing

Execute

Осуществлять

Merger

Слияние (предприятий)

Marketing

Продажа

Replace

Заменять

Equipment

Оборудование

Obsolete

Устаревший

Inefficient

Неэффективный

Encourage

Способствовать

Prompt

Своевременный

Cash discount

Скидка за наличный расчет

Specify

Конкретизировать

Financial management consists of all those activities that are concerned with obtaining money and using it effectively. Effective financial management involves careful planning. It begins with a determination of the firm’s financial needs.

Money is needed to start a business. Then the income from sales could be used to finance the firm’s continuing operations and to provide a profit.

But sales revenue does not generally flow evenly. Income and expenses are high or income is low. Then, the need to purchase a new facility or expand an existing facility may require more money than is available within a firm. In these cases the firm must look for outside sources of financing. Usually it is short – or long-term financing.