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Reasons a business might fail are _____. responses poor management poor management competition competition good location good location extra money extra money

User Marlon
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Final answer:

A business might fail due to poor management, competition, and changes in market conditions.

Step-by-step explanation:

A business might fail due to several reasons:

  1. Poor management: Inefficient decision-making, lack of expertise, or ineffective leadership can lead to a business's downfall.
  2. Competition: Strong competition from other companies offering better products or services at lower prices can cause a business to lose customers and revenue.
  3. Changes in market conditions: Shifts in demand and supply in the market, such as falling prices for outputs or rising prices for inputs, can make it challenging for a business to remain profitable.

These are just some examples of why a business might fail, and it's important for businesses to adapt and overcome these challenges to succeed.

User Frogblast
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