The Percentage of New Retailing Ventures Which Fail During Their

question 345

Multiple Choice

The percentage of new retailing ventures which fail during their first year is:

• A) two-thirds.
• B) three-fourths.
• C) one-half.
• D) one-fourth.
• E) one-third.

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Definitions:

Developed Countries

Countries with strong economies and advanced technological infrastructure relative to other less industrialized nations.

Underdeveloped Countries

Nations characterized by low levels of economic productivity, poor infrastructure, and limited access to basic needs and services for their populations.

Colonial Past

Refers to the period of history when various European nations established, exploited, and maintained colonies in other regions of the world.

Prosperous Country

A nation characterized by economic growth, high standards of living, and general well-being among its citizens.