According to Journalists' Findings, What Is a Serious Obstacle for Many

question 74

Multiple Choice

According to journalists' findings, what is a serious obstacle for many small business owners?

• A) A lack of business ethics
• B) An excess of employees and managerial staff
• C) A lack of experience in networking
• D) A lack of strategic-management knowledge
• E) Having too many suppliers

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Definitions:

Rigours Data Analysis

An in-depth and meticulous approach to examining and interpreting data to uncover meaningful insights, patterns, and relationships.

Product Life Cycle

The sequence of stages that a product goes through from introduction to growth, maturity, and decline in the market.

Preliminary Design

Preliminary design is the initial phase in the design process, focusing on outlining the basic concept, specifications, and feasibility of a project before detailed planning begins.

Product Decline

The phase in a product's lifecycle where sales and market share begin to fall due to various factors like market saturation or newer alternatives.