According to the Text, Businesses Fail for a Number of Different

question 55

Multiple Choice

According to the text, businesses fail for a number of different reasons but not due to

• A) poorly thought-out strategy.
• B) a very competitive market.
• C) poor management skills to properly execute a good strategy.
• D) underestimating how much money it will take to get their businesses up and running.

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Definitions:

Degree of Arousal

A measure of an individual's physiological and psychological state of alertness, excitement, or engagement, which can be influenced by various stimuli or activities.

Hedonic

relates to or is considered in terms of pleasant (or unpleasant) sensations, often used in the context of consumption experiences that provide pleasure or satisfaction.

Utilitarian

Pertaining to or based on the principle of utilitarianism, which advocates for actions that maximize happiness and well-being for the majority of a population.

Subjective

Based on or influenced by personal feelings, tastes, or opinions.