The Main Reasons Small Businesses Fail Are Poor Management Skills

question 163

True/False

The main reasons small businesses fail are poor management skills on the part of owners, inadequate capital, and poor planning.

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Definitions:

Current Account Deficit

A situation where a country's total imports of goods, services, and transfers exceed its total exports.

Swiss Francs

The currency of Switzerland and Liechtenstein, known by the ISO code CHF, and recognized for its stability and reliability.

Demand for Swiss Francs

The desire or need by individuals or institutions to acquire Swiss Francs, often influenced by factors such as investment opportunities and economic stability.

Foreign Exchange Rate

The price at which one currency can be exchanged for another currency, determined in global currency markets.