GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is not a common reason for the failure of small businesses?
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A lack of sufficient start-up money
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Lack of management experience
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Shortage of skilled workers
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failure to manage credit offered to customers
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Explanation:
Detailed explanation-1: -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-2: -Procrastination. Inadequate knowledge of regulations. Ignoring the competition. Ineffective marketing and ignoring customers’ needs. Incompetent employees and management. Lack of versatility. Poor location. Cash flow problems. More items
There is 1 question to complete.