When it comes to lack of sales or poor financial management, the reason why most firms fail is a. poor financial management.
<h3>Why do companies fail?</h3><h3 />
There are several reasons why a company can fail such as budgetary issues, and a lack of concrete goals to guide the activities of the company.
Most of these things stem from poor financial management however. Think of it this way, if a ship has a bad captain, then the chances of the ship sinking increases.
Poor financial management would lead to money not going to the right expenses which means that the business will make a lot of losses instead of profit and so will close.
In conclusion, between lack of sales and poor financial management, poor financial management is worse.
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Answer:
C. Agent
Explanation:
Agent Law- the agent deals with third parties on behalf of the company in a contract and the company defines the control an agent can exert
<span>The correct option is C, which is CAPITAL. Capital refers to all natural resources which are used in the production of a good. Capital is a human made resources which is used to produce wealth through investments. The other factors of production are labor, land and entrepreneurship.</span><span />
Answer:
The correct answer is letter "B": there is a threat of channel conflict.
Explanation:
Channel conflicts arise when producers believe their operations are compromised because of unfair practices of competitors within the same channel. In such cases, manufacturers are reluctant to take part in the channels to protect their businesses and minimize risk.
Answer:FALSE
Explanation:Charging more than you can afford to pay each month is a bad financial management strategy, as it will make you to continue to borrow money and take loans in order to meet with the charged sum.
For a person to maintain a good financial management strategy you have to charge as much as you can afford to pay, this will ensure that you don't live beyond your reach and help you to maintain good financial stability.
