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Answer to Question #49822 in Economics of Enterprise for Michael beckner

Question #49822
true or false most new start businesses fail
Expert's answer
The reasons are sometimes complicated and not always clear why a certain business fails. Upper management, lack of funding, or just the free market phasing out unwanted items or services. Typically, startups have a casual attitude to promote efficiency in the workplace, often needed to get their business off of the ground. A new trend in failed startups is the purchasing of patents by what are derogatorily known as “Patent trolls”. So, this statement is true, as many (in some industries most) new start businesses fail.

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