Title: Describe fiscal management.
Course: Small Business Marketing (12161) > Section: Explaining the Role of Finance in Business

Description should include

- profitability (i.e., gross profit margin, operating profit margin, net profit margin)
- efficiency (i.e., return on assets, working capital ratio, working capital turnover)
- solvency (i.e., operating cash flow ratio).

Process/Skill Questions:

- How does fiscal management affect the success of the business operation?
- What financial records or tools do retailers use to track income and expenses?
- What effect does overstock have on rising costs and profit margin?