Explain three major reasons why new ventures fail.
What will be an ideal response?
ANSWER: The first reason new ventures often fail is poor timing for the start-up. A new product might be introduced to the market before a real need for the item exists, or it may be introduced too late when there is little demand for the product. The second reason is rapid product obsolescence. The life of a product needs to be assessed as important discoveries are always being made in updating the product's usefulness. The third reason is faulty product performance. Tests have not been conducted appropriately for the product or quality has not been adequately controlled.
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The conflicting adages "too many cooks spoil the broth" and "two heads are better than one" reflect a dialectic, or tension.
Answer the following statement true (T) or false (F)
Refer to the selected data provided for Max's Tire Center. Which of the following would result from a vertical analysis of Max's balance sheet in 2012?
A) Total liabilities increased 8.7% during 2012. B) The total of liabilities & equity is $500,000 in 2012. C) Total liabilities is 27.6% of total assets in 2012. D) Total liabilities is 30% of total liabilities & equity in 2012.
The ADA applies to both private and public sector employers with:
a. fifteen or more employees. b. fifty or more employees. c. less than 100 employees. d. ten or more employees.
A buyer may not cancel the contract even if the seller has breached the contract when the ________
a. seller repudiates b. seller fails to deliver c. buyer accepts nonconforming goods d. buyer justifiably revokes acceptance