Entrepreneurship Study Set 1
Quiz 15: Succession Planning and Strategies for Harvesting and Ending the Venture
The Majority of Bankruptcies Are Mid-Size Businesses
The majority of bankruptcies are mid-size businesses.
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Since 2010 the number of business filings for bankruptcy has steadily increased each year.
The bankruptcy type that is most common is Chapter 7 bankruptcy.
Chapter 11 bankruptcy allows a firm to reorganize and prepare strategies to improve future profits.
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