Business Failure

Question 1

Internal Financial factors

Answer 1

Poor management of working capital
Poor efficiency costs]
Poor financial decisions such as borrowing strategies

Question 2

Internal Non-Financial factors

Answer 2

Poor communication
Inadequate market research
Poor marketing stratgey
Lack of innovation

Question 3

External Financial factors

Answer 3

Economic recession
Change in exchange rates

Question 4

External Non-Financial factors

Answer 4

Actions of competitors
Change in consumer trends
Poor communication with suppliers and/or customers