lpb10h 00.Ch06.07m he failure rate for small businesses is much lower than it is for larger businesses. a. True b. False

## Step 1<br />The problem statement is a statement about the failure rate of small businesses compared to larger businesses. The task is to determine whether this statement is true or false.<br />## Step 2<br />The statement is that the failure rate for small businesses is much lower than it is for larger businesses. This statement is generally considered to be false.<br />## Step 3<br />The reason for this is that small businesses often lack the resources and infrastructure that larger businesses have. This can lead to a higher failure rate for small businesses.<br />## Step 4<br />Additionally, small businesses often operate in more competitive markets, which can also contribute to a higher failure rate.<br />## Step 5<br />Therefore, the statement that the failure rate for small businesses is much lower than it is for larger businesses is generally considered to be false.