2.3.3 Business Failure Flashcards
1
Q
What are some internal factors for why a business may fail
A
- poor planning
- poor cash flow
- poor marketing
- lack of skills within a business
2
Q
What are some external factors for failing
A
- competition
- legislation
- market conditions
- economic factors
3
Q
What are some causes of cash flow problems
A
- allowing too much trade to credit
- overtrading
- unforeseen costs
- inaccurate cash Flow
- poor credit
