A market research survey conducted by Company-Check was looking at the reason why
small businesses fail. From a group of 84 businesses that failed they discovered the
following: 41 failed because of a lack of funds; 36 failed because of a lack of marketing
skills; and 30 failed because of a lack of financial control; 16 of them failed because of a lack
of marketing skills and financial control; 6 failed because of a lack of funds and marketing
skills; Seventeen failed because of lack of marketing skills only; 8 because of a lack of
financial control only; and 5 failed because of other reasons.
(a) Draw a Venn diagram to illustrate this information.
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