Austin, Aiden, and Zara Wanted to Open A₂Z Sports Bar

question 196

Multiple Choice

Austin, Aiden, and Zara wanted to open A₂Z Sports Bar that serves a unique offering of beer, weekend entertainment, and a limited menu of appetizers. In one of the preliminary meetings, Zara presented a list of reasons that small businesses fail. Although many of the ideas on this list were applicable to many types of business, one challenge pertained specifically to the restaurant and bar business. The challenge he referred to was

• A) underestimating how much time it will take to build a market.
• B) borrowing money without planning just how and when to pay it back.
• C) carrying habits of personal extravagance into the business.
• D) some of the easiest businesses to start have the least growth prospects and greatest failure rates.

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Definitions:

Environmental Circumstances

The physical, social, and cultural conditions that surround and influence an individual or community.

Relevance

The quality of being closely connected or appropriate to what is being done or considered.

Canadian Psychological Association (CPA)

The national association for the science, practice, and education of psychology in Canada, dedicated to improving the health and welfare of all Canadians.

Established

To have been in existence for a long time and therefore recognized and accepted.