Answer to Question #211245 in Finance for Sphesihle Zuma

Question

Every entrepreneur has Certain expectations and goals when choosing a business.

1.1 do you agree with the assertion that businesses fail for a number of reasons? Substantiate on your answer by discussing the following.

1.1.1 incompetent management

1.1.2 lack of experience

Answer 1

1.1Yes

1.1.1

When the business operator lacks sufficient management skills, the business might fail.

1.1.2

When the business operator has no experience in the field that he/she is specialising in, the business might fail.