Question $4$

$30$ Marks

Study the scenario and complete the question$($s$)$ that follow:

In case your developed business is facing challenges with financial management and risk assessment. Addressing these issues is crucial for ensuring long$-$term stability and growth as it is always better to plan than to be caught up in a miserable situation.

$1.$ What are the key aspects of financial management that you will always evaluate continuously to ensure that your small business maintain financial health.

$(15$ Marks$)$

$2.$ In a hypothetical worst case scenario, evaluate the risk management strategies and elaborate how you assess them to ensure that your developed business maintain the curves of stability and growth increasing.

$(15$ Marks$)$

End of Question $4$