Over 50% of New Businesses Fail in Their First Year

question 80

True/False

Over 50% of new businesses fail in their first year of operations from lack of capital, ineffective management, or both.

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Definitions:

Enterprises

Large organizations or businesses, usually comprising multiple departments or units, and engaged in professional, commercial, or industrial activities.

Lower CASE Tools

Software tools used in the early stages of software development to help in the design and analysis of software products.

SDLC

The Software Development Life Cycle is a methodology used for the planning, creation, testing, and deployment of information systems.

Systems

Integrated assemblies of components or processes that work together to perform a specific function or set of functions.