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business studies > Risk and Reward > Flashcards

Risk and Reward Flashcards

1
Q

Causes of business failure

A

Failing to understand the market
Poor planning
Poor decision making
Badly organised
Overtrading
Non-viable ideas

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2
Q

Rewards of entrepreneurship

A

Independence
Profit
Business success

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3
Q

Causes of business success

A

An ability to understand the market
Good planning
Good decision making
Well organised
Financial efficiency

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business studies (12 decks)

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