More People Are Discouraged to Test Their Skills as Entrepreneurs

question 7

True/False

More people are discouraged to test their skills as entrepreneurs because the failure rate among small businesses has been increasing in recent years.

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Definitions:

Revenue Enhancement

Strategies or activities aimed at increasing the total revenue of a company, often through marketing, pricing adjustments, and expansion into new markets.

Cost Reductions

Measures implemented by a company to decrease its expenses and improve profitability.

Horizontal Acquisition

The merger or takeover of one company by another in the same industry or production stage, aiming for growth or reducing competition.

Ford

An American multinational automaker founded by Henry Ford, known for mass-producing affordable vehicles and pioneering assembly line production techniques.