GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Internal
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External
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Either A or B
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None of the above
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Detailed explanation-1: -The most common reasons small businesses fail include a lack of capital or funding, retaining an inadequate management team, a faulty infrastructure or business model, and unsuccessful marketing initiatives.
Detailed explanation-2: -One of the most common internal causes of business failure is poor management. This includes poor financial management as well as poor staff management.
Detailed explanation-3: -In this blog, we examine four external factors that influence success or failure: markets, environment, risk management and legal issues. The external market is segmented into five components: size, growth, number of direct competitors, aggressiveness, and recent changes.
Detailed explanation-4: -Financial resources like funding, investment opportunities and sources of income. Physical resources like company’s location, equipment, and facilities. Human resources like employees, target audiences, and volunteers. More items