IB Business Management — Topic 3.1

Introduction to finance

Topic 3.1 introduces the role of finance in business, covering why businesses need funds, the distinction between capital and revenue expenditure, and basic financial concepts. This establishes the foundation for all subsequent finance topics in IB Business Management.

Sub-topics in Topic 3.1

3.1.1Role of finance in business3.1.2Capital and revenue expenditure3.1.3Profit versus cash flow

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