About 51 Percent of New Businesses Fail Within Five Years

question 62

True/False

About 51 percent of new businesses fail within five years.

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Definitions:

Socialization Process

The ongoing process by which an individual acquires personal and social skills and norms, essential for integration into society.

Attachment

A deep and enduring emotional bond that connects one person to another across time and space.

Displacement Behavior

A psychological phenomenon where an individual redirects their impulse from an unattainable or threatening target to a safer or more acceptable one.

Equally Strong Motives

The psychological concept referring to instances where an individual is simultaneously driven by two or more motives that are of similar strength but potentially conflict with each other.