Exploring Business Failures & Successes

Which of the following is a type of business failure

• Realisation

• Partnership

• Voluntary Cessation

• Bankruptcy Order

_______ is the process of bringing a business to an end and distributing its assets to claimants

• Administration

• Realisation

• Cessation

• Liquidation

Lack of Management Expertise is evident when the business

• Spends too much money on marketing

• Does not spend enough time in the business

• Fails to prepare a business plan

• Employs too many workers

Only businesses who sell products can fail

• True

• False

What do you think caused the bankruptcy of America's largest toy store Toys R Us?

• Failure to provide convience

• Competitor pricing

• Failure to keep up with growing technology

• All of the above

Which of these companies was the main hub for movie rentals that went out of business as new technology developed

• Blockbuster

• Redbox

• Netflix

• Napster

What is the name of the business that first introduced a smartphone

• Blackberry

• Android

• iPhone

• Samsung

Which camera company failed to expand their technology and ultimately suffered the consequences

• Polaroid

• Nikon

• Panasonic

• Canon

This company let Steve Jobs have much of the key research that helped launch Apple's success

• IBM

• Xerox

• Microsoft

• Dell

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

• Online survery

• Cash flow forecast statement

• Sales forecast

• Labour turnover