What is one of the five reasons why small businesses fail?
A) difficulty keeping up with government paperwork
B) inability to buy materials at wholesale prices
C) entrepreneurs tend to score low on human skills
D) lack of technical skills to support innovation
E) consumer distrust of newer, smaller companies

Question

Quizplus · Accepted Answer

Difficulty in managing and keeping up with government paperwork and regulations is a common reason why small businesses struggle or fail. This includes challenges in tax compliance, obtaining necessary permits, and adhering to industry-specific regulations, which can be overwhelming for small business owners.

What Is One of the Five Reasons Why Small Businesses