List some of the factors contributing to a firm's poor performance.

What will be an ideal response?


Students' answers will vary. Poor performance can result from many factors, both internal and external, including the following:

a. Having the wrong objectives.
b. Customers not buying the company's product.
c. Poor scheduling of production or purchases.
d. Theft and/or spoilage of products.
e. Too many employees for the work being performed.
f. Opportunities lost.
g. Too many free services or donations.
Once management isolates the true causes of the firm's poor performance, remedies can probably be found.

Business

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