A large number of small businesses fail within the first two years.
Identify ONE reason why so many small businesses fail in the first two years.
Select ONE answer:
- Rapid growth and over expansion
- Having a detailed Business Plan
- Good repeat business
- Revenue higher than costs
Show the workings to arrive at your answer, and explain and justify your reasons:
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This multiple-choice question is suitable for Business Studies KS4 & KS3 classes
The answer is 1 – the other answers are not reasons why a small business would fail in the first two years
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