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This test is run by .
Note that your final mark will not be saved in the system.

2.3.2 Liquidity & 2.3.3 Business failure Categorise

Target Level

Running Total

Attempt

1 of 1

Click on an item, then click on a category to place it. Or, drag and drop the item into the correct category. Organise all items before clicking 'Check'.

Correctly identify the internal and external factors which can contribute to business failure

INTERNAL FACTORS THAT CONTRIBUTE TO BUSINESS FAILURE

EXTERNAL FACTORS THAT CONTRIBUTE TO BUSINESS FAILURE

No demand for the business idea

Unrealistic planning

Changes in legislation

Poor communication

Recession

Shocks

Changes in technology

Economic change

Poor market research

Unmotivated staff

Failure to innovate

Action of competitors

Poor management

Unrealistic objectives

Poor working capital management

Strong pound - impact on exporters

Growing too quickly

This is your 1^st attempt! You get 1 marks for each one you get right first time. Good luck!

Pass Mark

70%