What do people see when a company goes bankrupt

[Mastergp]

Among the companies that do develop in our area, some of them have gone bankrupt and this have draw many picture on how people tends to view the company. It takes a good and experience manger to make a business go forward to it booming level some of this business or firms could not see the light of the day and this have cause many people to have serious doubt on the down fall of such company the include:

poor management skills:
some companies and firm do have poor management on the way the handle their company,the look over some issues that are meant to look upon.

poor equipments use in work:
Most of the machines or tech use might be old fashion and some times the may be no money to buy new materials for work.
Location of the firm:
many firm are place in location that are hard for their customers identify, as a result most of this firm would lack customers and lowing the capital of such business, and still on location most people may want their product to be brought to their door step most company may lack this ability making it hard to patronize.

 

[Suba]

Thanks for sharing, unfortunately your explanation is too global or not detailed enough, so it will confuse the layman. Every country certainly has regulations that require a company to be declared bankrupt. While the meaning of bankruptcy is the business condition of both companies, shops, etc. that get big losses so that the company cannot run its activities smoothly or have to stop its activities. There are so many factors that can cause a company to go bankrupt such as low product quality so that it is not accepted by the market, product prices are too high, competitor factors, too much debt, excessive business expansion that makes big losses. fraud and manipulation by company employees etc.