A business is at its riskiest point during the start-up phase.

Name: A business is at its riskiest point during the start-up phase.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

During the start-up phase, a business is just getting off the ground and has many uncertainties, including market demand, financial resources, and competition. It is often a period of trial and error, and many start-ups fail within the first few years. Therefore, the start-up phase is considered the riskiest point in a business's lifecycle.

A Business Is at Its Riskiest Point During the Start-Up