Due: Sunday April 11, 2021 by 11:59pm Date Submitted: Wednesday April 7, 2021
The State Fair of Virginia was in its current precarious financial condition because they were unable to pay the $83 million against a $47 million investment portfolio in order to develop its new fairgrounds in 2003 (Schnarr & Rowe, 2012).
The organization used the loan in order to build a new fairground that was supposed to increase the organizations income and the number of fairground visitors.
However, when the year of 2009 came the United States of America as a whole were all experiencing what we knew as the “2008 financial crisis”, which lessened facilityrentals and of course donations from outside entities (Clark, 2012).
However, the main reason for the fair’s financial condition was due to multiple external and unforeseen factors. Of course, the State Fair of https://www.solvedcollegepapers.com/product/mba-524-mba524-mba-524-sta
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