ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following reasons for business failure is attributed to the external business environment?
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Complacency
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Supplier problems
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Insufficient capital
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Negative cash flow
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Explanation:
Detailed explanation-1: -Lack of market research. Poor financial control. Poor management. All the above.
Detailed explanation-2: -Poor cash flow management. Losing control of the finances. Bad planning and a lack of strategy. Weak leadership. Overdependence on a few big customers.
Detailed explanation-3: -Preventable failure: a failure caused by deviating from a known process. Complex failure: a failure caused by a system breakdown. Intelligent failure: a failure caused by an unsuccessful trial. 04-Nov-2019
There is 1 question to complete.