Asked by Thomas DeAngelis on Jun 27, 2024
Verified
While government data,research,and business mortality statisticians may not agree on the precise failure and survival figures for new businesses,they do agree that moderate success is the rule,not the exception with new ventures.
Business Mortality
The concept or rate at which businesses fail or cease operations, often used in studies of business lifespan and success factors.
Moderate Success
Achieving some level of achievement or progress that is considered satisfactory but not outstanding.
- Make a distinction between erroneous beliefs and genuine realities pertaining to the availability of resources, entrepreneurial management, and the acknowledgment of opportunities.
Verified Answer
HG
Harman GarchaJul 01, 2024
Final Answer :
False
Explanation :
Most data and research suggest that a significant percentage of new businesses fail within the first few years, indicating that failure, rather than moderate success, is more common for new ventures.
Learning Objectives
- Make a distinction between erroneous beliefs and genuine realities pertaining to the availability of resources, entrepreneurial management, and the acknowledgment of opportunities.