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What is External Factors in Business Failure about?

1. Businesses can fail due to internal causes like lack of planning, cash flow problems, lack of funds, overreliance on few customers, and poor leadership. 2. External causes include increased competition, changes in legislation or consumer tastes, and poor economic conditions. 3. Causes can be financial, like bankruptcy from debt, or non-financial like lack of skills, inability to adapt, or failure to meet customer needs.

Author

sk001

Language

EN