Business failure Certification Review Questions And Detailed Answers.
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Course
FALI
Institution
FALI
- Lack of planning.
- Cash flow problems.
- Lack of funds.
- Relying on a narrow customer base.
- Marketing problems.
- Failure to innovate.
- Lack of business skills.
- Poor leadership. - correct answer What are the main internal sources of business fai...
- Poor leadership. - correct answer What are the main internal sources of business
failure?
Although only 20% of business fail due to external reasons, these following factors can cause failure:
- Competition.
- Changes in legislation.
- Changes in consumer taste.
- Economic conditions.
- Changes in market prices. - correct answer What are the external causes of
business failure?
Many businesses fail for financial reasons. They either become bankrupt or insolvent. The most common
reason for this is the shortage of cash. - correct answer What financial factors
impact failure?
- correct answer
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