business failure Flashcards
1
Q
business failure
A
when a business closes or goes bankrupt
2
Q
internal factors
A
cash flow problems
poor efficiency
poor marketing
no innovation
3
Q
external factors
A
organisational structure
economic recession
strengthening pound
4
Q
non financial factors
A
low motivation
low efficiency
high turnover
tall organisational structure leading to an inability to react to changes
5
Q
financial factors
A
bad management of working capital
poor cash flow
