Lesson 3a - Why Small Businesses Fail

Open Ended

Why do you think most small businesses fail?

Multiple Choice

Most small businesses fail because of:

• Bad ideas

• Bad luck

• Poor management

• Competition

Multiple Choice

Which is an example of a management failure?

• A product costs too much money

• Employees not knowing expectations

• Customers having opinions

• Advertising costs

Multiple Choice

Good management can fix many problems

• True

• False

Multiple Choice

Running out of inventory is MOST likely caused by:

• Ownership

• Marketing

• Customers

• Poor planning and tracking

Multiple Choice

Which failure would MOST impact a team?

• Poor communication

• Late delivery

• High demand

• New competition