A few of the following can be considered major factors in failure of small businesses:
-Lack of financial planning: when a business is born it needs to critically plan out the first few years of running. Small business often fail to plan out for the future and have less working capital at hand.
-Lack of expertise: small business cannot afford specialist managers and this may be a reason for failure
-no investment in marketing and research can also be a reason.
Answer:
Look at the explanation
Explanation:
<u>Advantages:</u>
1. Measure profit and losses at different levels of production and sales.
2. Predict the effect of cost and efficiency changes on profitability.
<u>Disadvantages:</u>
1. Assumes that sales prices are constant at all levels of output
2. Break even charts may be time consuming to prepare.
Hope this helps! :)
The term ROP for U-Haul means Roll Over Protection which is a service that is offered for rental units of trailers.
