Business failure is a major concern to all parties involved and can create high costs and heavy l... more Business failure is a major concern to all parties involved and can create high costs and heavy losses. If bankruptcy can be predicted with reasonable accuracy ahead of time, firms can better protect their businesses and can take action to minimize risk and loss of business, and perhaps even prevent the bankruptcy itself. Bankruptcy prediction in thailand is important because business in thailand has historically operated on a system of trust where one person doing business trusts the other to perform as agreed upon in written and oral contracts. The threat of bankruptcy tends to diminish that trust and weakens the…
Business failure is a major concern to all parties involved and can create high costs and heavy l... more Business failure is a major concern to all parties involved and can create high costs and heavy losses. If bankruptcy can be predicted with reasonable accuracy ahead of time, firms can better protect their businesses and can take action to minimize risk and loss of business, and perhaps even prevent the bankruptcy itself. Bankruptcy prediction in thailand is important because business in thailand has historically operated on a system of trust where one person doing business trusts the other to perform as agreed upon in written and oral contracts. The threat of bankruptcy tends to diminish that trust and weakens the…
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