Question Cash flow is an important financial concept for small business owners to fully understand. Define Cash Flow How is Cash Flow different from Profit? Can a Profitable business go bankrupt? What are the Big Three cash management items a small business owner must manage? Question Inventory management is important for businesses. Too much inventory may increase costs. Too little inventory may increase out of stocks. Why is inventory management important? Discuss some of the inventory systems in use today. How has globalization impacted inventory systems? Use examples to support your points.
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