Justin Opened a Physical Therapy Business in a New Location

question 49

Multiple Choice

Justin opened a physical therapy business in a new location and hired two well-known therapists.Once the business was up and running,Justin began work on launching a restaurant in a neighboring town.With Justin at the restaurant most days,the physical therapy business began to flounder.Which startup failure is represented in this scenario?

• A)uncertainty
• B)process inadequacy
• C)inattention
• D)deviance

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Definitions:

Total Cost

The combined amount of all expenses and costs associated with the production and sale of a good or service.

Average Total Cost

The total cost of production divided by the number of goods produced, representing the cost per unit of output.

Fixed Costs

Costs that do not vary with the volume of production, such as rent, salaries, and insurance.

Birthday Cakes

Desserts specially made or bought to celebrate a person's birthday, often decorated with icing, candles, and personalized messages.