A decline in the performance of a business can generally be attributed to what f

Question

A decline in the performance of a business can generally be attributed to what factors?

factors both internal and external to the firm

internal factors such as a poor inventory management system

external factors such as a competitor introducing a new and improved product customers desire

all of these

factors both internal and external to the firm

internal factors such as a poor inventory management system

external factors such as a competitor introducing a new and improved product customers desire

all of these

Explanation / Answer

factors both internal and external to the firm

Decline in performance can happen because of internal as well as external factors. Internal factors are such as operational iinefficiencies, capacity underutilization, cash flow mismanagent, inadeuqate cash reserves, choosing an unprofitable business. External factors are beyong the control of the firm, such as competition pricing strategies, changes in macroeconomic environment etc.

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