business failure Flashcards
1
Q
what does business failure mean
A
inability to keep business going
2
Q
what are the internal causes of business failure
A
marketing failure
financial failure
a system failure
3
Q
what are the external causes of business failure
A
change in technology
economic change
behaviour of banks
4
Q
what are the financial causes of business failure
A
cash flow crisis
running below break-even point
