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Some other potential signals that a business manager should look out for when managing finances could include sudden changes in revenue or profit margins, unexpected costs, discrepancies in financial statements, or significant changes in market trends. It's also important to monitor cash flow, as a negative cash flow could indicate a problem. Additionally, if there are any significant changes in the company's financial ratios, such as the debt-to-equity ratio or the current ratio, it could signal a need for further investigation.
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For instance, the manager of a small catering business might see that food supply costs exceed the allocation, signaling a need to renegotiate supplier contracts or adjust menu pricing. Similarly, a manager at a car dealership may observe that the advertising budget is almost untouched, whereas the budget for new inventory is depleting faster than anticipated. This would direct the manager to shift some focus and funding toward marketing efforts to increase sales and balance the expenditure.
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