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:

Opportunity Cost

The worth of the best alternative that is given up in order to make a choice.

Imports

Products or services imported from other countries for sale or consumption.

Purchasing Power

The value of currency expressed in terms of the amount of goods or services that one unit of money can buy.

Imported Goods

Products or services brought into a country from abroad for sale.