Ans. Financial management plays a crucial role in driving business growth by:- Ensuring effective allocation of resources: Financial management helps in identifying and allocating resources to the most profitable and growth-oriented areas of the business.- Facilitating strategic decision-making: It provides financial insights and analysis that aid in making informed business decisions and formulating growth strategies.- Managing cash flow: Financial management ensures that the business has sufficient cash flow to meet its operational and growth requirements.- Securing external funding: It involves raising capital from external sources to fund expansion plans, research and development, and other growth initiatives.- Monitoring and controlling financial performance: Financial management provides tools and techniques to monitor and control the financial performance of the business, enabling timely corrective actions and facilitating sustainable growth.