Statistics on small business failure rates indicate that ___ of new businesses fail in their first five years of operation.

A) less than 20 percent
B) 20 to 40 percent
C) about half
D) 60 to 80 percent
E) more than 80 percent

Small Business Failure Rates

The percentage of small businesses that do not succeed or cease operations within a certain period of time.

First Five Years

A period often referencing the early stage of an entity's existence, crucial for development and long-term success.

Operation

A series of actions or steps taken to achieve a particular end.