Nearly 7 Out of Every 10 New Businesses Survive at Least

question 16

True/False

Nearly 7 out of every 10 new businesses survive at least two years and about 50% make it to the five-year mark.

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Definitions:

Stakeholders

Parties with an interest or concern in a business or project, including investors, employees, customers, and suppliers.

For-Profit Corporations

Business organizations that are intended to operate for profit, distributing earnings to shareholders and focusing on growth and revenue.

Nonprofit Organizations

Entities that are dedicated to furthering a particular social cause or advocating for a shared point of view, without the primary aim of distributing profits to members or leaders.

Political Studies

An academic field that examines the theory and practice of politics, political behavior, and the structure and function of political systems.