External and Personal Factors
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Questions and Answers

Which of the following is NOT an external factor affecting business performance?

  • Inflation
  • Government regulation
  • Business cycles
  • Mismanagement (correct)

    • Which of the following is a personal factor of business failure?

  • Interrupted supplies (correct)
  • Inexperience
  • Lack of planning
  • Poor business philosophy

    • Name three external factors that can affect business performance.

    (a) inflation, (b) government regulation, (d) business cycles

    Which factor guides the extension of trade credit?

    <p>Financial strength of the seller</p> Signup and view all the answers

    Name three personal factors that can contribute to business failure.

    <p>(a) Inexperience, (b) poor business philosophy, (d) lack of planning</p> Signup and view all the answers

    What is one symptom of mismanagement?

    <p>(b) poor financial control</p> Signup and view all the answers

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