measuring success in business

Another name for a business not having enough funds

• Business Loan

• Financial Accounting

• Undercapitalisation

• Liquidation

When a business fails to prepare a business plan or modify an existing plan.

• Lack of Management Expertise

• Lack of Marketing

• Lack of Asset Management

• Lack of Sufficient Funds

Lack of Management Expertise is evident when the business

• Spends too much money on marketing

• Fails to prepare a business plan

• Employs too many workers

• Does not spend enough time in the business

Only businesses who sell products can fail.

• True

• False

What term describes a business that begins trading with insufficient capital?

• overtrading

• undercapitalised

• overdrawn

• insolvent

Which of the following is most likely to cause a cash flow problem?

• obtaining a bank overdraft

• investing too little in innovation

• spending too much on expensive fixed assets

• a weak marketing strategy

overtrading might occur if a business tries to do which of the following

• expand too quickly

• take over a rival

• sell in overseas markets

• outsource production

Which of the following is most likely to be used by shareholders to measure the success of a business

• revenue

• dividend growth

• the quality of customer service

• social impact

which of the following might be used by a business to help measure customer satisfaction

• online survey

• labour turnover

• sales forecasts

• cash flow forecast statement

employees might measure the success of a business by looking at

• dividend growth

• turnover

• job security

• net profit margin