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According to the statement, what is the primary cause of most company failures?

A) Poor management
B) Marketplace conditions
C) Lack of innovation
D) Legal issues

1 Answer

3 votes

Final answer:

The primary cause of most company failures is multifaceted, with poor management specifically noted, alongside other factors such as unproductive workers, competition, and shifts in market conditions.

Step-by-step explanation:

According to the statement provided, the primary cause of most company failures can be attributed to a variety of factors, including poor management, unproductive workers, fierce domestic or foreign competition, and unexpected shifts in market demand and supply which can lead to decreased output prices or increased input costs. In the complex ecosystem of the U.S. economy, businesses are subject to a multitude of influences that can determine their success or failure. Therefore, while multiple causes are responsible, poor management is mentioned as a significant cause of business failure among others.

User Lakshman Battini
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