The Two Main Reasons for Failure in Business Are

question 5

Multiple Choice

The two main reasons for failure in business are:

• A)lack of capital and poorly chosen location
• B)poorly chosen location and inadequate business plan
• C)poor management and lack of capital
• D)inadequate business plan and poor management

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Definitions:

Good X

A placeholder term used to represent any market commodity or product for the sake of economic analysis or discussion.

Income

Total earnings derived from labor, investments, and any other source, typically discussed in the context of individuals or households.

Income

Funds accrued regularly from work performed or assets invested.

Good Y

Typically used in economics as an arbitrary designation for a commodity or product in theoretical models and analysis.