All of the Following Are Reasons for the High Failure

question 44

Multiple Choice

All of the following are reasons for the high failure rate of new businesses except:

• A)Not having sufficient know-how to run a business in the chosen market or area.
• B)Not having expertise in the essentials of business operations,including finance,purchasing,selling and production.
• C)Not taking the time to craft a vision and mission,and formulate,revise,and properly implement strategy.
• D)Not keeping track of the numbers and failure to control business finances.
• E)Not taking the time to adequately promote the product.

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Definitions:

Effective Message

Communication that clearly conveys its intended meaning and achieves its purpose with the target audience.

Planning Process

A systematic approach to setting goals, developing strategies, and outlining tasks and schedules to accomplish the objectives.

Communication Goal

The intended outcome or objective that one aims to achieve through the act of communicating.

Indirect Order Plan

A structured approach to communication that begins with background information or a rationale before presenting the main message or request, often employed to minimize resistance or negative reactions.