Cash is King. Using recent developments in the economy of the UK, explain why managing cash is a fundamental concept of business finance. Use references where appropriate, and your answer should give examples where a lack of cash has been a contributing factor.

Your answer should include: I. Identify a business or business sector that has failed due to cash flow difficulties, providing an evaluation of the issues. Also note if there were any other underlying business issues besides cash shortage. II. Analysis of the impact of the operating cycle and why it is such an important factor in business success, applying it to the business or business you have selected. III. Evaluate any recommendation you could make on what the business or business sector could have done differently to result in a possibly more successful outcome.