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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

What are the major causes of small-business failure? Do these causes also apply to larger businesses?

Summary Introduction

To determine: The major causes of small-business failure and explaining whether these causes apply to larger business failure.

Introduction: The term business is defined as the planned exertion of people to manufacture and trade, for revenues, the goods and services that fulfill the requirements of the people. A business must be designed in such a way that it is managed efficiently, gratify the needs and should make profits.

Explanation

The major causes of small-business failure are as follows:

  • Deprived credit-conceding traditions
  • Choosing wrong business location
  • Inadequately intended development
  • Absence of skill and knowledge
  • N...

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