Approximately What Percentage of New Businesses Fail in Their First

question 100

Multiple Choice

Approximately what percentage of new businesses fail in their first year?

• A) 20%
• B) 40%
• C) 60%
• D) 80%

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Definitions:

Operating Costs

The expenses related to the day-to-day functioning of a business, excluding costs associated with financing and investments.

Selling Price

The amount of money charged for a product or service, determined by factors such as cost, demand, and competition.

Service Hours

Service hours refer to the total hours of service provided by a company or the hours worked by employees in service industries.

Value-Based Pricing

A pricing strategy which sets prices primarily on the perceived value to the customer rather than on the cost of the product or historical prices.