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go out of business

Meaning: If a company goes out of business, it stops trading and closes down.

For example:

  • A lot of companies went out of business during the economic recession.

  • What will you do if your company goes out of business?

Quick Quiz:

My company went out of business because we
  1. wanted to increase sales
  2. couldn't make a profit
  3. couldn't make a loss

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