What business failure means
What business failure means
Business failure means a firm cannot continue trading successfully in its current form because it cannot cover its costs, debts, or lack of demand. One bad month, or a voluntary closure after a profitable retirement, is not usually treated as failure.
Step-by-step lessons on Edexcel A Level Business Business failure. Each one builds up to exam-style questions. Build up your knowledge of the core business functions first, then focus revision time on the strategy and evaluation-heavy topics, since these carry the most marks.