The correct answer is:
OC. 60 percent
According to various studies, about 60% of new businesses fail in the first year. Some key statistics:
• A U.S. Small Business Administration study found that about 60% of new businesses fail within the first 2 years.
• A study by CB Insights found that about 59% of tech startups fail in the first 2 years.
• Research by economists Brian Headd and Marc Reuben found that about 50-60% of new businesses do not survive beyond 5 years.
• Crunchbase tracks technology companies and found that about 57% of startups fail within 10 years.
So most research and studies point to a failure rate of 50-60% for new businesses, especially in the critical first year.
Choices A, B and D are not supported by these statistics and studies on new business failure rates.
Only choice OC, 60 percent, is a reasonably accurate estimate according to the available data.
Therefore, the best answer for this question is:
OC. 60 percent
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