Creative Destruction Refers to the Failure of Small Businesses Due

question 31

True/False

Creative destruction refers to the failure of small businesses due to fault of their own.

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Definitions:

Customer

An individual or entity that purchases goods or services from a business or merchant.

Breach Of Contract

The violation of a binding agreement between two or more parties by failing to perform any term of the contract without a legitimate legal excuse.

Legal Position

The status, rights, and obligations of an entity or individual according to the law.

Defences

Defences in legal terms refer to arguments and evidence presented by a defendant in a lawsuit to demonstrate why they should not be held liable for the claims brought against them.