Theme 2 - 2.3.3 - Business Failure Flashcards
1
Q
What is business failure ?
A
Business failure is when a business ceases to trade or when a business does not trade in a profitable what or when a business makes a terrible decision
2
Q
What are the internal causes of business failure ?
A
- Poor efficiency
- Poor marketing
- Failure to innovate
- Bad management of working capital
3
Q
Is predatory pricing legal ?
A
No but its very hard to prove - the CMA doesn’t allow predatory pricing
