Challenges for Start-Up Businesses (Leaving Cert Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is frequently cited as the primary reason for start-up failure in the first year?
What is frequently cited as the primary reason for start-up failure in the first year?
Insufficient cash flow
What characteristic defines debt capital for start-ups?
What characteristic defines debt capital for start-ups?
Fixed repayments regardless of performance
Which production method suits customised, one-off products?
Which production method suits customised, one-off products?
Job production
What type of products work well with batch production?
What type of products work well with batch production?
Moderate volumes of similar products
What is a key characteristic of sole proprietorship?
What is a key characteristic of sole proprietorship?
Unlimited personal liability
What does a private limited company offer owners?
What does a private limited company offer owners?
Limited liability protection
Why might experienced professionals avoid joining start-ups?
Why might experienced professionals avoid joining start-ups?
Prefer security of established firms
What customer-related challenge do new businesses face?
What customer-related challenge do new businesses face?
No existing customer relationships
What does market research help start-ups achieve?
What does market research help start-ups achieve?
Reduce marketing failures
What challenge is associated with equity capital?
What challenge is associated with equity capital?
Convincing investors of potential returns