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Cody lives and dies by statistics. He refers to stats and facts before making any big decision. When he considers starting a small business, he researches the first-year survival rate of small businesses. What does Cody find in his research? A. 35% of small businesses survive their first year of existence B. 40% of small businesses survive their first year of existence C. 80% of small businesses survive their first year of existence D. 80% of small businesses do not survive their first year of existence

Sagot :

Parrain

If Cody had researched the survival rate of small businesses, he would have found that C. 80% of small businesses survive their first year of existence.

Research has shown that:

  • 20% of small businesses end up failing in their first year.
  • 50% of small businesses will have failed by the fifth year.

If 20% of small businesses fail in their first year, it means that the percentage that will survive is:

= 100% - 20%

= 80%.

80% would survive first year.

In conclusion, option C is correct.

Find out more on business survival at https://brainly.com/question/12206529.

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