Question
8 Clark started a business using his personal savings. His funds were limited, but he planned to run his business on the revenue generated from
8 Clark started a business using his personal savings. His funds were limited, but he planned to run his business on the revenue generated from sales. However, months later, he found it difficult to pay rent and other expenses. Seasonal sales and inability to secure sufficient crdit from local banks made it difficult for Clark to operate the business normally. Which of the following causes of small-business failure does this scenario best illustrate? 1 points Multiple Choice debt factoring trade credit undercapitalization. economies of scale. debt financing
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started