Strategies for funding accomodation and food service enterprises in the Republic of Macedonia
Strategies for funding accommodation and food service enterprises in the Republic of Macedonia

Summary/Abstract: In the performance of business activities and goals, enterprises use different approaches in managing inventories, receivables, liabilities and cash. By applying a certain approach to management of current assets and current liabilities, companies try to reach the desired balance between profitability and risk. By combining different sources of funding, companies have the opportunity to apply a variety of funding strategies during the work operations. As it is the case with all companies, so it is with the accommodation and food service enterprises in Macedonia. The application of each type of funding strategy has positive and negative effects on the companies’ performance, and that brings a different level of risk. The financing strategies also depend on the financial targets that the enterprises have set. The purpose of this paper is to show the potential sources of funding, which are available to companies. Furthermore, the aim is to describe the characteristics, advantages and disadvantages that each potential source of funding has. Moreover, the aim of this paper is to portray the sources of financing the accommodation and food service enterprises of Republic of Macedonia. In other words, the companies use already implemented strategies for financing and thus, it is possible to recognize the approach the companies from the service sector have against the risk and profit.

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