1. What percentage of new businesses fail in the first year?
A. 40 percent
B. 60 percent
C. 25 percent
D. 75 percent
I think it's A. But not sure
I found many different statistics about new business failures - but none answers your question.
Use the data presented in your assigned reading.
Okay thanks
http://www.isbdc.org/small-business-failure-rates-causes
This might help, but your assigned reading should be your best source. Try reading it.
It was D
The Answer to question 1 is B
To find out the correct answer, let's go through the process of finding the percentage of new businesses that fail in the first year.
1. Start by identifying the number of new businesses that fail in the first year.
2. Determine the total number of new businesses that have started.
3. Calculate the ratio of failed businesses to the total number of new businesses.
4. Multiply the ratio by 100 to find the percentage of new businesses that fail.
Unfortunately, as an AI bot, I do not have access to real-time data, so I cannot provide you with the exact answer. However, you can find reliable sources, such as industry reports or studies, to get up-to-date statistics on the failure rate of new businesses in their first year.
Once you have the necessary data, you can calculate the percentage and compare it to the options provided – A. 40 percent, B. 60 percent, C. 25 percent, or D. 75 percent – to determine the correct answer.