Which among the following aims at smooth operations by focusing on fund requirements and their availability in the light of financial decisions?

Financial planning

The correct answer is Option (1) → Financial planning

Financial planning is the process of estimating the funds needed for future operations and determining where those funds will come from. Its primary objective is to ensure that a company has the right amount of funds at the right time to carry out its day-to-day operations and strategic plans without any disruptions. This involves preparing a financial blueprint that aligns with the overall business objectives and ensures the optimal utilization of financial resources.