__________ of All New Businesses Fail Within Five Years of Their

question 177

Multiple Choice

__________ of all new businesses fail within five years of their launch.

• A)Only 5 percent
• B)Only 10 percent
• C)Only 25 percent
• D)About 40 percent
• E)Over 50 percent

---

Definitions:

Developing Opportunities

The process of identifying, creating, or discovering new prospects or areas for growth and improvement in a personal, professional, or organizational context.

Planning Time Horizons

The periods over which organizations or individuals plan their activities and objectives, typically categorized as short, medium, or long term.

Short-Range Plans

Strategies and actions that are intended to achieve goals within a relatively brief period, typically up to one year.

Intermediate-Range Plans

Planning strategies that focus on a medium-term horizon, typically ranging from one to five years, balancing short-term and long-term objectives.