Your brother,a family dentist,has opened a new office in your home town.As a business student you know that this type of business experiences low failure rates.
Many of the businesses with the lowest failure rates require advanced degrees to start.This would include veterinary services and dentists' offices.However,while training and degrees may buy security,they do not tend to produce high growth rates.

Question

Quizplus · Accepted Answer

Dentists' offices typically have low failure rates due to the necessity of their services and the requirement of advanced degrees, which create barriers to entry. However, these businesses often experience limited growth potential compared to other industries.

Your Brother,a Family Dentist,has Opened a New Office in Your