Small businesses that provide services face a higher rate of failure than those that produce goods.

Name: Small businesses that provide services face a higher rate of failure than those that produce goods.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The failure rate of small businesses is influenced by various factors, and there is no definitive evidence that service-based businesses fail at a higher rate than those producing goods. Both types face unique challenges.

Small Businesses That Provide Services Face a Higher Rate of Failure