Asked by Morgan Burroughs on May 26, 2024
Verified
Insufficient financing implies
A) not taking the time to consolidate a position, fine-tune the organization, and systematically meet the challenges of growth.
B) not having enough money available to maintain operations while still building the business and gaining access to customers and markets.
C) not having expertise in the essentials of business operations, including finance.
D) not keeping track of the numbers, and failure to keep business finances to best advantage.
E) not making the best use of existing monies.
Insufficient Financing
A situation where the available financial resources are not adequate to support the current operations or growth plans of a business.
Maintaining Operations
The ongoing activities required to keep a system, process, or piece of equipment running effectively.
Access to Customers
The ability of a business to reach and interact with its target audience, essential for marketing, sales, and customer service.
- Identify key reasons for new business failures and strategies to mitigate them.
Verified Answer
Learning Objectives
- Identify key reasons for new business failures and strategies to mitigate them.
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