Ask Question
6 March, 06:40

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

+4
Answers (1)
  1. 6 March, 06:56
    0
    Lack of funds and management.

    Explanation:

    We are asked to determine the the major causes of small-business failure.

    We know that lack of funds or money is main cause of small business failure. In the startup phase small companies face challenges in obtaining funds to bring a new product to market.

    The second cause is the lack of management. A strong management team is must for a successful business.

    It is possible that these causes will apply to larger businesses, but not always a must. Since large businesses have more money to support them, so these causes are less applied to larger businesses.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What are the major causes of small-business failure? Do these causes also apply to larger businesses? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers