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Why may a new business fail?

      

Give reasons why a new business may fail.

  

Answers


Maurice
(i) Inadequate manpower.

(ii) Inappropriate technology or poor technology.

(iii) Inadequate capital.

(iv) Inappropriate marketing strategies thus low sales.

(v) Unfair, unhealthy competition.

(vi) Inefficient management skills.


maurice.mutuku answered the question on July 26, 2017 at 05:07


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