Mike and Jane opened a franchise sporting goods store.Neither was athletic;neither had ever managed a retail store;and the business failed within one year.Which statement best explains these results?
A)The venture did not fit with their mission or aspirations.
B)They had no connections with suppliers,customers,or investors.
C)They lacked factors critical to the success of the enterprise.
D)They failed to complete a feasibility study.

Question

Quizplus · Accepted Answer

The statement suggests that Mike and Jane did not possess critical factors required for the success of the business, such as knowledge of athletic equipment, experience in managing a retail store, and expertise in the sports industry. This lack of essential skills and knowledge would have significantly impacted the success of the franchise store.

Mike and Jane Opened a Franchise Sporting Goods Store