For most firms, luck appears to be the largest factor explaining whether they fail or succeed

Name: For most firms, luck appears to be the largest factor explaining whether they fail or succeed
Brand: Quizplus
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Question

Quizplus · Accepted Answer

While luck may play a role in the success or failure of a firm, there are typically many other factors at play such as management decisions, market conditions, competition, and customer demand. It is generally not accurate to say that luck is the largest factor.

For Most Firms, Luck Appears to Be the Largest Factor