'Wealth Maximisation’ is the primary objective of financial management. Explain.
'Wealth Maximisation’ is the primary objective of financial management. Explain.
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Wealth Maximisation is the primary objective of financial management which means maximizing the market value of investment in the shares of the company.
It is possible only by:
(i) Ensuring availability of sufficient funds at reasonable cost.
(ii) Ensuring effective utilization of funds.
(iii) Ensuring safety of funds by creating reserves, reinvestment of profits, etc.
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