An entrepreneur looking to enter the manufacturing industry is more likely to fail due to

Question

Quizplus · Accepted Answer

All of the choices are valid reasons why an entrepreneur is more likely to fail when entering the manufacturing industry. The cost of initial capital investment can be high, and there are often economies of scale that make it difficult for new entrants to compete with established companies. Additionally, manufacturing often requires a significant amount of labor, which can add further costs and complexity. Finally, the market may already be saturated with established players, making it difficult for new entrants to gain a foothold.

An Entrepreneur Looking to Enter the Manufacturing Industry Is More