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Irt of Your Assignment, Year 10 Homework Due 10th April After How Many Years Have over 50% of New Businesses Failed? Type Your Answer

Question

irt of your assignment, Year 10 homework due 10th April After how many years have over 50% of new businesses failed? Type your answer here...

Answer

4.4 (176 Votes)
Verificación de expertos
Aiden Professional · Tutor for 6 years

Answer

b. 5 years

Explanation

As for new businesses, it's frequently stated in numerous studies and reports that over of them fail within the first five years. This means that the majority of the startups do not survive beyond this point, some even failing quicker due to variables such as insufficient resources, lack of market demand, or poor business models. So, by stating "After how many years have over of new businesses failed?" the answer corresponds to the general statistics that show this time frame. Please remember that such statistics may slightly differ depending on regional or industrial contexts.