penny just opened a small restaurant. while she has had some customers in her restaurant, it is enough to pay employees and make a profit. most small businesses fail because of the same reason. which of the following is this an example of? explain how and why? hiring,insufficient cash flow, forecasting growth, employee turnover
Answers
Answer:
The most common reasons small businesses fail include a lack of capital or funding, retaining an inadequate management team, a faulty infrastructure or business model, and unsuccessful marketing initiatives.
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Answer:
The answer to the abovementioned sentence is the option which states, "insufficient cash flow".
Explanation:
Small business failures are most frequently caused by a lack of capital or funding, the retention of an ineffective management team, a flawed infrastructure or business prototype, and ineffective advertising strategies.
In the abovementioned paragraph,
Penny opened up a business and has planned if everything goes right the business will flourish. But, if things go south, there's no backup. The business is doing enough but nothing more than that. There's a lack of proper planning relating to profit or cash flow. Hence, we can conclude that the option which states, "insufficient cash flow" is the answer to the abovementioned question.
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