Question
Entrepreneurship Question on Business Services
Subash started with a franchise of AMUL Milk products. His business could not pick up and sales were too less to cover operating expenses. Which of the following reasons could be a cause of business failure?
A
Adequate knowledge
B
Appropriate location
C
Lack of industry experience
D
Sound business planning
Answer
Lack of industry experience
Explanation
Solution
The correct answer is option (C) :
Lack of industry experience