Jennifer’s business has been open for two years. She is hoping that her new marketing plan will increase sales because she would really like to hire an assistant. If sales are up for six months in a row, she will be comfortable bringing on another employee. Which principle of financial planning does this illustrate?

(1 point)
Responses

pay debts

pay debts

return for investors

return for investors

finance future growth

finance future growth

accurately document finances

1 answer

This scenario illustrates the principle of finance future growth. Jennifer is implementing a new marketing plan with the goal of increasing sales to support the hiring of an assistant, which indicates her focus on financing the future growth of her business.