12.9k views
4 votes
According to the U.S. Census Bureau, approximately ______ of closed businesses were successful at the time of their closure.

a. one-quarter
b. one-third
c. two-thirds
d. three-quarters

1 Answer

3 votes

Final answer:

Roughly one-quarter of businesses were successful at the time they closed, according to the U.S. Census Bureau. Closure can stem from various causes, not strictly business failure.

Step-by-step explanation:

According to the U.S. Census Bureau, approximately one-quarter of closed businesses were successful at the time of their closure. Businesses can close for many reasons, including economic downturns, personal decisions by the business owners, or even because the business was sold or merged with another company. It's important to recognize that closure does not always equate to failure; some businesses conclude operations while still being profitable or successful.

User Brantgurga
by
8.5k points