Causes of Business Failure (Edexcel A-Level Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What percentage of business start-ups cease trading within five years?
What percentage of business start-ups cease trading within five years?
Over 90%
What is the single most common reason for business failure?
What is the single most common reason for business failure?
Cash-flow difficulties
What does overtrading mean?
What does overtrading mean?
Funding large production with low capital
Astec Building Contractor grew from 45M sales but collapsed. Why?
Astec Building Contractor grew from 45M sales but collapsed. Why?
Couldn't fund working capital needs
What percentage of business failures result primarily from external factors?
What percentage of business failures result primarily from external factors?
About 20%
What is destroyer pricing?
What is destroyer pricing?
Pricing below cost to eliminate rivals
Why did Jane Norman fashion chain go into administration in 2014?
Why did Jane Norman fashion chain go into administration in 2014?
Stuck in middle positioning
What innovation failure caused Kodak's collapse?
What innovation failure caused Kodak's collapse?
Failed to adapt to digital cameras
What does insolvent mean?
What does insolvent mean?
Voluntarily ceasing, can't pay debts
UK dairy farmers faced losses when milk prices fell to 27p/litre. What was their break-even?
UK dairy farmers faced losses when milk prices fell to 27p/litre. What was their break-even?
30p per litre