A Major Cause for Failure of a New Business Is

question 108

True/False

A major cause for failure of a new business is lack of focus on the competitive advantage.

---

Definitions:

Cultural Background

The cultural environment in which a person was raised or identifies with, encompassing heritage, tradition, language, and customs.

Influential

Having the power to affect the beliefs, behaviors, or development of others through one's actions or presence.

Experiment

A scientific procedure undertaken to make a discovery, test a hypothesis, or demonstrate a known fact.

Familiar Task

An activity or job that an individual has experience with and can perform with ease due to previous exposure or practice.