Frazier Schultz
01/06/2024 · Primary School
What percentage of businesses generally survive to the five- or ten-year mark? \( 20-30 \) perchint \( 40-50 \) percent \( 10-15 \) percent \( 8-12 \) percent
UpStudy ThothAI Solution
Tutor-Verified Answer
Step-by-step Solution
The survival rates of businesses at the five- or ten-year mark can vary widely depending on the industry, region, and other factors. However, the most commonly cited statistics are as follows:
- **Five-year survival rate**: Around \( 50-70 \) percent of small businesses survive the first five years.
- **Ten-year survival rate**: Approximately \( 30-50 \) percent of small businesses survive to the ten-year mark.
Given the options provided:
- \( 20-30 \) percent
- \( 40-50 \) percent
- \( 10-15 \) percent
- \( 8-12 \) percent
The closest range to the typical five-year survival rate is \( 40-50 \) percent. Therefore, the answer that best fits the general survival rate of businesses to the five-year mark is:
\( 40-50 \) percent
Quick Answer
\( 40-50 \) percent
Answered by UpStudy AI and reviewed by a Professional Tutor
UpStudy ThothAI
Self-Developed and Ever-Improving
Thoth AI product is constantly being upgraded and optimized.
Covers All Major Subjects
Capable of handling homework in math, chemistry, biology, physics, and more.
Instant and Accurate
Provides immediate and precise solutions and guidance.
Try Now
Ask Tutors
Ask AI
10x
Fastest way to Get Answers & Solutions
By text
Enter your question here…
By image
Re-Upload
Submit