Stating That the Failure of a Small Business Was Due

Multiple Choice

Stating that the failure of a small business was due to "lack of experience" implies:

A) not having expertise in the essentials of business operations, including finance, purchasing, selling, and production.
B) not taking the time to craft a vision and mission, nor to formulate and properly implement a strategy.
C) not keeping track of the numbers, and failure to control business finances and use existing monies to best advantage.
D) not taking the time to consolidate a position, fine-tune the organization, and systematically meet the challenges of growth.
E) not having sufficient know-how to run a business in the chosen market or geographical area.