Most Small Businesses Turn a Profit Within the First Year

question 166

True/False

Most small businesses turn a profit within the first year.

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Definitions:

Marketing Chain

A system of intermediaries or channels through which goods and services pass from the manufacturer to the end consumer.

Service-Sponsored Retail Franchise System

A franchising model where franchisors provide a full range of services including brand, operational guidelines, and ongoing support to the franchisee, often seen in retail.

Customer-Generated Franchising System

A customer-generated franchising system is a business expansion model where customers or users help to develop or promote franchised outlets, potentially influenced by their loyalty or satisfaction with the brand.

Agent-Sponsored Wholesale Franchise System

A franchising model combining agent wholesaling and franchising to expand distribution and reach of products.