What Is the Primary Reason That So Many New Businesses

question 75

Multiple Choice

What is the primary reason that so many new businesses fail?

• A) Owner does not work hard enough
• B) Mismanagement resulting from lack of business know-how
• C) Low employee quality for new businesses
• D) Lack of brand-name recognition
• E) Inability to compete with well-established brand names

---

Definitions:

Ethical

Relating to moral principles or the branch of knowledge dealing with these, often guiding conduct in a manner considered right or acceptable.

International Business

Commercial transactions that occur across national borders, involving the exchange of goods, services, or information.

High-context

A communication style where much of the information is understood through context, non-verbal cues, and shared experiences rather than explicitly stated in the message.

Verbal Communication

The process of conveying messages or information through spoken words.