What Can Most of the Failures of Small Start-Up Companies

question 50

Multiple Choice

What can most of the failures of small start-up companies be related to?

• A) Finding the money to start the business
• B) Inferior product ideas
• C) Lack of professional management skills
• D) Failing to do an IPO

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Definitions:

Variable Costs

Costs that change in proportion to the level of goods or services a business produces.

Variable Costing

An accounting method that only includes variable production costs (costs that change with output level) in the cost of goods sold and inventory valuation.

Product Costs

The total costs associated with making or acquiring any products, including materials, labor, and overhead.