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Business
unit 2
business failure
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external factors
Business > unit 2 > business failure
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internal causes
Business > unit 2 > business failure
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Cards (9)
What is the definition of business failure?
The end of
trading
for a
business
when a business
ceases
to
trade
or makes a terrible
decision
What are then 4 internal causes of business failure?
Bad
management
of working
capital
Poor
marketing
Poor
efficiency
Failure to
innovate
What are the two external factors of business failure?
Economic
recession
strong
pound - reduced export
demand
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