2. Degree of competition | Fundamentals of Financial Accounting
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Risk in small business 2. Degree of competition 3. The nature of the product 4. The degree of expertise involved 5. Does the firm provide goods or services? 6. Cash or credit? 7. Suppliers 8. Access to finance 9. Coping with technological change 10. People management 11. Exposure to external events 12. Cash versus profitModules
Accounting concepts Accounting information Accounting issues Balance day adjustments Budgeting Control for debtors and creditors Historical cash flow statement Profit and loss statements Risk in small business Stock recording and valuation Assessment
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XSIQ * Accounting - 2. Degree of competition 2. Degree of competition It will be necessary for you to identify who your competitors are. To what extent do their operations affect your own? Can you learn from them in order to improve your efficiency? Failure to establish a satisfactory share of the market will constitute a major area of risk for any business. Previous | NextView Comments and Reviews >>