Why is it so difficult to turn around a small business whose performance is declining?
A)Small businesses have limited slack resources.
B)Government regulations on small businesses limit the ability to innovate.
C)Economic issues, such as the interest rate charged on loans, make it difficult to get the loans needed to overcome problems.
D)None of these

Question

Quizplus · Accepted Answer

Small businesses often have limited financial resources, including cash flow, inventory, and personnel, which makes it more difficult to invest in turnaround efforts such as marketing campaigns or equipment upgrades. In addition, these businesses may lack the expertise or knowledge needed to identify and address the root causes of their declining performance.

Why Is It So Difficult to Turn Around a Small