1.15 Reasons for Business Failure

Question 1

fixed assets

Answer 1

resources that are used repeatedly for a period of time such as property, machinery

Question 2

downturn

Answer 2

periods in which business activity/production is reduced and conditions become worse

Question 3

undercapitalised

Answer 3

starting a new business with insufficient money

Question 4

outcompeted

Answer 4

perform more effectively in a particular field