Risk and Reward Flashcards
1
Q
Causes of business failure
A
Failing to understand the market
Poor planning
Poor decision making
Badly organised
Overtrading
Non-viable ideas
2
Q
Rewards of entrepreneurship
A
Independence
Profit
Business success
3
Q
Causes of business success
A
An ability to understand the market
Good planning
Good decision making
Well organised
Financial efficiency