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The business will become overstocked with unsellable goods. No sales means no money coming in, yet the business still has to pay out for wages, premises, creditors, and so on. The Business becoming insolvent would be inevitable.
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What happen to firm fail to sell its product?
They file for bankruptcy.
What happen when the business firm fail to sell its product?
The business will become overstocked with unsellable goods. No sales means no money coming in, yet the business still has to pay out for wages, premises, creditors, and so on. The Business becoming insolvent would be inevitable.
What happens when the business firm fails to sale its product?
When a business firm fails to sell its product, it faces financial losses due to unsold inventory and decreased revenue. This can lead to cash flow problems, affecting its ability to pay expenses such as salaries and suppliers. Prolonged failure to sell may require the firm to reevaluate its marketing strategies, product offerings, or even consider downsizing or closing operations. Ultimately, consistent lack of sales can jeopardize the firm's viability in the market.
What happens when the business firm fails to sell its product?
The business will become overstocked with unsellable goods. No sales means no money coming in, yet the business still has to pay out for wages, premises, creditors, and so on. The Business becoming insolvent would be inevitable.
What happens when the business firm fails to sell it's product?
The business will become overstocked with unsellable goods. No sales means no money coming in, yet the business still has to pay out for wages, premises, creditors, and so on. The Business becoming insolvent would be inevitable.
What is a product oriented business?
this is a business on a farm by loads of cows and chickens. and its usely a firm which sell products
What is product oriented marketing?
Product oriented marketing is a business approach that focuses on the firm's product in trying to garner more market share for a firm. Other approaches include sales and market orientation.
What happens to a monopolistically competitive firm that begins to charge an excessive price for its product?
Consumers will substitute with a rival's product.
What happens to monopolistically competitive firm that begins to charge an excessive price for its product?
Consumers will substitute with a rival's product.
What happens to monopolistic competitive firm that begins to charge an excessive price for its product?
Consumers will substitute with a rival's product.
What happens to a monopolistically competitive firm that begins to charge an excessive price for it's product?
Consumers will substitute a rival's product.
How would you define product fraud?
When a business knowingly produces a defective or substandard product and sells it to the public anyway, the firm has committed product fraud.
