Steve operated a successful massage and health spa in a lucrative resort location.He used the same business model when he built a new spa in the next town.While he had the same services, and the same quality, the business failed.Which of the top reasons for startup failure might be represented in this scenario?
A)product mis-timed
B)pivot gone bad
C)pricing/cost issues
D)investor interest

Question

Quizplus · Accepted Answer

The failure could be due to pricing/cost issues, as the new location might have different economic conditions or customer expectations, affecting the business's ability to attract and retain clients at the same pricing model.

Steve Operated a Successful Massage and Health Spa in a Lucrative