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Factors that can contribute to business decline - Coggle Diagram
Factors that can contribute to business decline
failue to adapt
increased competition
innefficient resources
bad management
negative cash flow
not keeping up with customer demands
lack of money/finanace
producing products that no one wants
uncontrolled growth
poor location (lack of visibility)
customer dissatisfaction
economic issues
producing low quality products
inefficient marketing strategies
contractions/troughs
market fluctuation
failure to plan
lack of management skills
unfavourable economic conditions