Identify the Most Common Reasons Why Business Plans Fail

question 26

Short Answer

Identify the most common reasons why business plans fail.
A.Goals set by the entrepreneur are unreasonable.
B.Objectives are not measurable.
C.The entrepreneur has not made a total commitment to the business or to the family.
D.The entrepreneur has no experience in the planned business.
E.The entrepreneur has no sense of potential threats or weaknesses to the business.
F.No customer need was established for the proposed product or service.

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Definitions:

Unemployment Rate

The proportion of the workforce that is unemployed and actively looking for work.

Whites

Refers to people belonging to groups, primarily of European descent, characterized by lighter skin colors, a major demographic category in racial and ethnic classifications.

Blacks

People of African descent or individuals characterized by dark skin color, often used in discussions of race, culture, and socio-political identity.

Strike Insurance

A financial product or policy designed to support workers financially in the event of a strike, offering compensation for lost wages.