Answer:
Step-by-step explanation:
The quality of management can have a significant impact on each of the causes of small business failure. Poor management can lead to financial mismanagement, which can cause a business to run out of cash and become insolvent. Ineffective management can also result in a lack of clear goals and direction, leading to a lack of focus and poor decision-making. Additionally, poor management can lead to problems with staffing and employee morale, which can negatively affect productivity and customer satisfaction.
On the other hand, good management practices can help a small business avoid these problems and increase the likelihood of success. Good management involves setting clear goals and making sound financial and strategic decisions, as well as effectively managing and motivating employees. By addressing these issues, a small business can improve its chances of avoiding failure and achieving long-term success.