Why Is There Such a Difference Between the Failure Rates

question 34

Essay

Why is there such a difference between the failure rates of small businesses in general and franchising operations in particular?

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Definitions:

Revenue Accounts

Accounts that track the income generated from a company's operations, such as sales revenue, service revenue, and interest income.

Liability Accounts

Accounts on a company's balance sheet that track what the company owes to others, such as loans payable, accounts payable, and mortgage payable.