06-19-2018, 04:22 PM
There's a lot of factors why a business fails but it's not all about management and products. Small business are the ones that are severely affected by the countries economic state because of high inflation rate, tax and other fees that directly or indirectly affects the price of production materials. Depending on the product of the business, the degree of effect differs specially on pricing, quality of services and of course profitability.