I just talked about different types of finance, and then related it back to the 5 financial objectives, y/n?
Exactly what I did, hopefully it's good enough!
explain what you did in more detail, this is what I did:
Dif sources of finance are essential in a business as they allow the business to develop adequate strategies. These then allow the business to achieve their financial objectives
Sources of Finance:
Made up stuff about how my business borrowed 20M from State Street in America, 8% of profits are retained, equity new issue shares raised 3mill over 4 years. These finances were used for my business's global expansion to America and to develop adequate operational, financial, HR and marketing strats on the global scale.
Named all strats e.g Crust bought 300 new leading edge MD80 dough machines which were distributed throughout the new stores in America and shipped back to Australia. My business also paid Binks Pizzeria $200,000 to access their statistics and shit that like so they can understand the American pizza market. ETC
These strategies inevitably enabled Crust (my business) to achieve their objectives as by 2010 they had ___ NP increase, ___ Market share gain, 40 new stores in America, ETC
Did I do it right
What I did is
I said Different sources of finance allow for the funding of strategies or actions by a business e.g expanding globally, buying new technologoy, doing stuff etc
Thus allowing the business to achieve its financial objectives?
I was kinda assuming it was going to be nothing like the Specimen. Lucky I can bullshit and make up reasonable stats, Told BOS that Volkswagen promoted its new fuel efficient passat with footage of terror and war then the closing quote "Berlin to Warsaw on one tank" and how it was banned by Govt to protect consumers and particularly the Polish community, but not Skrzynecki of courseI wasn't expecting those extended responses at all. From the specimen paper, it looked like it would be something along the lines of influences, processes or strategies for a certain topic area. Both questions were horrible for me and I ended up writing very little on the marketing one .
I managed to do internal (retained profits, capital) and external (factoring, unsecured notes, debentures, commercial bills) all with different case studies (thank you creative business textbook!) - linked to one of those 5 financial objectives you talked about - fingers crossed. Didn't have enough time to do shares, new rights etc.I talked about:
- Debt - Short term (overdraft, commercial bills, factoring), long term (leasing - didn't have enough time to do mortgage, debentures, unsecured notes)
- Equity - Shares, retained profits, owners' equity
My case study was QANTAS, so I linked how QANTAS uses these methods of finance to achieve their financial objectives.
And your financial objectives are profitability, growth, efficiency, liquidity and solvency (from the syllabus), so these are what I linked the success of my sources of finance to.
And what are these strategies that you talked about? The question didn't ask for strategies, unless I'm interpreting what you're saying incorrectly.