15 reasons for a business failure Flashcards

1
Q

inventory

A

stock of goods

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2
Q

fixed assets

A

resources that are used repeatedly for a period of time by a business such as property, tools, vehicles and machinery

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3
Q

downturn

A

period or process in which business activity, production, etc. is reduced and conditions become worse

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4
Q

undercapitalised

A

starting a business with insufficient capital

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5
Q

outcompeted

A

perform more effectively in a particular field

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6
Q
A
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