A decline in the performance of a business can generally be attributed to what f
ID: 382815 • Letter: A
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
Answer: (A) factors both internal and external to the firm
A business might loose its share due to its strategy, human resources or other capabilities which are linked to its control.
But there are many unctrollable factors which also impacts a business like political instability, social, technical, legal and environmental.
So, combining these factors A will be an appropriate one.