GENERAL KNOWLEDGE

GK

BUSINESS MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The following are which type of problems when starting a business:1. Accounts were not kept properly-cash flow, in particular, was a problem 2. Raising start-up capital was too difficult 3. Raising medium-term to long-term finance was difficult
A
Business Plan
B
Market Research
C
The Market
D
Finance
Explanation: 

Detailed explanation-1: -Lack of talented and skilled labour, managerial, and marketing skills are the various internal problems while delayed payments, inadequate loans, lack of demand for their products, etc. are various external problems faced by these units.

Detailed explanation-2: -Failure to plan. CHALLENGE: With the excitement of a new business idea, it can be tempting to launch without much forward-thinking opens in new window. Lack of demand. Ineffective marketing. Knowledge and skills gaps. Financial management. Securing funding. Hiring the right people. Leadership. More items

Detailed explanation-3: -Recruitment, Retention of Employees, and Labor Quality. Changing Operations in Response to the Market Conditions. Lack of Capital/Cash Flow. Administration. Time Management. Marketing and Advertising. Managing and Providing Benefits. 04-Nov-2021

Detailed explanation-4: -Lack of research. Not having a business plan. Not having the business funding they need. Financial mismanagement. Poor marketing. Not keeping abreast of customer needs or the competition. Failing to adapt. Growing too quickly. More items •06-Jul-2021

There is 1 question to complete.