Which conclusion follows from the statement about the success of well-established companies?

The conclusion that new companies are less likely to succeed follows logically from the statement regarding the success of well-established companies. Well-established companies have had time to develop their operations, build a customer base, and establish a brand reputation, which contributes significantly to their higher likelihood of success. In contrast, new companies often face numerous challenges, such as market entry barriers, lack of established clientele, and limited resources. These factors create a situation where new companies generally operate under less favorable conditions compared to their established counterparts, making it reasonable to conclude that their chances of succeeding are lower. This reflects a well-known trend in business, where history shows that a significant number of startups do not survive their initial years.