2.3.3 Business failure Flashcards

1
Q

Internal causes of business failure

A
  • Lack of planning
  • Cash flow problem
  • Lack of funds
  • Failure to innovate
  • Poor leadership
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2
Q

External causes of business failure ​

A
  • Competition
  • Changes in legislation
  • Changeto consumer tastes
  • Economic conditions
  • Change in market prices
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