Which of the Following Is Considered as One of the Major

question 48

Multiple Choice

Which of the following is considered as one of the major causes of small-business failure?

• A)Inability to take quick decisions
• B)Lack of flexibility to adapt to changing market demands
• C)High initial financing involved
• D)Lack of funds to operate the business
• E)Inability to focus on narrow niches

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Definitions:

Reinforcement Theory

A psychological concept suggesting that behavior can be controlled or modified through the use of rewards or punishments.

Operant Conditioning Strategies

Techniques based on the principle that behaviors can be increased or decreased through rewards and punishments.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow that outlines a five-tier model of human needs, depicted as hierarchical levels within a pyramid.

Alderfer's ERG Theory

A motivational theory positing that human beings have three core groups of needs: Existence, Relatedness, and Growth, which influence their behavior.