MIDDLE EAST: ISRAELI-PALESTINIAN CLASHES

The video provides an overview of the concept of going out of business, explaining the reasons and implications for a company when it ceases operations. It highlights the key factors that lead to business closure and the potential impact on stakeholders.

What does the term 'going out of business' generally refer to?

• A business launching a new product

• A business closing down permanently

• A business relocating to a new area

• A business expanding its operations

What is one potential impact of a business closure on employees?

• More job opportunities

• Higher salaries

• Increased job security

• Loss of employment

How might a community be affected by a local business closing?

• Increased local employment

• Reduced local services

• More community events

• Improved local economy

Which of the following is a common reason for a business to close?

• Excessive profits

• Lack of competition

• Overstaffing

• Financial difficulties

How can market changes lead to a business closure?

• By increasing customer demand

• By reducing the need for the business's products

• By improving the business's financial health

• By expanding the business's market share