LBA quiz 1

One of the following isn't a risk that businesses might face.

• Changes in style.

• Economic conditions

• Change in the business structure

• Changes in prices.

One of the following is why startup fails

• Decrease revenues.

• Unexpected rapid growth

• Neglecting customer opinion

• Poor inventory management

One of the following has high percentage impact on business failure

• Strategic causes & not being able to collect customers

• Inadequate planning and inexperience

• Finance Causes

• Economic Causes

Business failure refers to

• a company ceasing operations following its ability to make a profit or to bring in enough revenue to cover item cost.

• a company ceasing operations following its inability to make a profit or to bring in enough revenue to cover its expenses.

• a company ceasing operations following its inability to make money

• a company ceasing operations following its inability to make a margin or to bring in enough revenue to cover its expenses.

A company should invest in _______ to avoid failure.

• Fixed Assets

• Growth and expanison

• Competition

• Research, marketing and development.