MGT211 Introduction to Business
GDB NO.1 Solution FALL 2014
Dear Students!
This is to inform that Graded
Discussion Board (GDB) No. 01 will be opened on December 02,
2014 for discussion and last date for posting your discussion
will be December 04, 2014
Topic/Area
for Discussion
“Success
and Failure of Business”
Solution:
ReplyDeleteMain causes of business failure can be as follows
1. Lack of Market Knowledge
2. Start of any business without having proper experience in the field
3. Lack of control over procedure
4. Lack of understanding of customer’s demands
5. Poorly designed production process
6. Insufficient capital and wastage
7. Natural disaster and bad luck