The Startup Phase of a Business Usually Lasts for More

question 49

Multiple Choice

The startup phase of a business usually lasts for more than _____.

• A)6 months
• B)3 years
• C)5 years
• D)1 year

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Definitions:

Medical Examination

A comprehensive health checkup assessing an individual's physical and mental condition.

Luxury Item

A good or service that is considered non-essential but is desirable as it offers a sense of extravagance or comfort.

Household Budget

An itemized summary of expected income and expenses for a defined period of time, typically for a household.

Price-Elastic

Describes a situation where the demand or supply for a good or service significantly changes in response to price changes.