Multiple Select Question Select all that apply What are three primary reasons that small businesses fail? Inability to cope with growth Conducting market research Managerial inexperience I Having a competitive niche Undercapitalization

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Multiple Select Question Select all that apply What are three primary reasons that small businesses fail? Inability to cope with growth Conducting market research Managerial inexperience I Having a competitive niche Undercapitalization

Answer 1

The three primary reasons that small businesses fail are:1. Inability to cope with growth - Small businesses may struggle to manage rapid expansion, leading to operational inefficiencies and financial strain.2. Managerial inexperience - Lack of experience in managing a business can result in poor decision-making and inadequate strategic planning.3. Undercapitalization - Insufficient funding can prevent a business from covering its expenses and investing in necessary resources for growth.

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Multiple Select Question Select all that apply What are three primary reasons that small businesses fail? Inability to cope with growth Conducting market research Managerial inexperience I Having a competitive niche Undercapitalization

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