Title: Nature, Scope, Classification of Working Capital Management
Headings: Nature, Scope, Classification of Working Capital Management
Nature, Scope, Classification of Working Capital Management
Table of Contents
Meaning of Working Capital Management
Classification of Working Capital Management
Classification/ Approaches of Working Capital Management:-
Scope of Working Capital Management
Nature of Working Capital Management

Content: Competitive advantage: Business through management of funds is able to reduce their cost and avoid wastages of resources. They can earn sufficient profits by offering their products even at low prices to customers. It will help in gaining competitive advantage in market and generating large revenue. Nature of Working Capital Management
Manages operating expenses: Working capital management manages all operating expenses of a business organization. It regulates all funds needed for the purchase of raw materials, spare parts and payment of wages and other daily expenses. Proper management of working capital ensures that all required resources are frequently purchased as per the business need. Avoids funds crisis: It ensure that there is no situation of fund crisis within business organization.