business failure

Subdecks (2)

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