The High Failure Rate of New Businesses Is Due to ___

question 190

Multiple Choice

The high failure rate of new businesses is due to ___.

• A) not taking the time to consolidate a position, fine-tune the organization, and systematically
• B) meet the challenges of growth
• C) not devoting enough time to the requirements of running a competitive business
• D) falling prey to the temptations of fraud, deception, and embezzlement All these are reasons for the high failure rate.
• E) None of the above is a reason for the high failure rate.

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Definitions:

Abstract

A summary or concise overview of a larger work, document, or presentation, highlighting its key points.

Speed Up

The act of increasing the pace or rate at which a process or activity is carried out.

Patent Office

A governmental authority that processes applications for patents, granting exclusive rights to inventors for their innovations.

Infringement

The action of violating a law or right, especially referring to the unauthorized use of intellectual property.