Many New Business Fail Not Because They Are Unprofitable,but Because

question 189

Multiple Choice

Many new business fail not because they are unprofitable,but because

• A)they do not have the expertise to maintain the business.
• B)they run out of cash.
• C)they do not have adequate inventory.
• D)None of these answer choices are correct.

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Definitions:

Market Entry

The strategy or method by which a company enters a new market or industry.

Strategies

Broad plans or sets of actions designed to achieve specific goals or solve problems within an organization or endeavor.

Market-Entry Strategy

A planned method of delivering goods and establishing a presence in a new market, often involving significant research and planning.

Target Market

A specific group of customers at which a company aims its products and services.