As stated in the textbook "Small businesses have a high failure rate-one high enough to be intimidating." Which of the following items is a contributing factor to this high rate of failure?

Question

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Lack of strategy and lack of strategic leadership can hinder a small business's ability to navigate challenges and adapt to changes in the market, increasing the likelihood of failure. The other options listed may be important considerations for small businesses but are not necessarily contributing factors to a high failure rate.

As Stated in the Textbook "Small Businesses Have a High