02-08-2024, 07:25 AM
Certain businesses, like those catering to fundamental human needs, are less susceptible to going out of business. Examples include healthcare services, food and beverage production, and essential utilities. Additionally, industries offering timeless goods or services with enduring demand, such as education, housing, and basic clothing, are less likely to become obsolete. Businesses that adapt to evolving market trends and consumer preferences while fulfilling essential needs have a better chance of long-term sustainability.