Which of the following statements regarding business success (or failure) rates is correct?
A) 9 out of 10 businesses fail within the first four years.
B) After four years, 50 percent of new businesses are still open.
C) After four years, 25 percent of new businesses are still open.
D) 2 out of 3 businesses fail within the first four years.
E) After four years, 10 percent of new businesses are still open.

Question

Quizplus · Accepted Answer

According to the Small Business Administration (SBA), after four years, approximately 50 percent of new businesses are still open. While failure rates vary by industry and other factors, the commonly cited statistic that 9 out of 10 businesses fail within the first four years is a myth.

Which of the Following Statements Regarding Business Success (Or Failure)