Which of the following factors MOST contributes to small business failure?
A) Managerial incompetence or inexperience
B) Bad product design
C) Legal problems
D) Time spent raising capital
E) Personnel issues

Question

Quizplus · Accepted Answer

Managerial incompetence or inexperience is the most common cause of small business failure according to various studies and surveys conducted. Poor management leads to ineffective decision-making, lack of strategic planning, and failure to adapt to changing market conditions. This can cause a ripple effect throughout the entire business and lead to financial problems, which ultimately lead to failure.

Which of the Following Factors MOST Contributes to Small Business