Business Failure Flashcards
1
Q
Internal Factors of business failure
Financial § Non-Financial
A
Bad management of working capital
Poor efficiency
Bad decisions about how a firm is financed
Poor communication
Inadequate market research and analysis
Marketing
Failure to innovate
2
Q
External factors of business failure
Financial § Non-Finnacial
A
Economic recession
Changes in exchange rates
The actins of competitors
A change in consumer trends
Poor communication
