A Major Advantage of Purchasing an Existing Business Is That

question 82

True/False

A major advantage of purchasing an existing business is that the customers are familiar with the location.

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Definitions:

Wealth

Wealth represents the abundance of valuable financial assets or material possessions, which can be accumulated, saved, and invested over time to increase an individual's or entity's financial security and economic standing.

Open Market Operations

Operations by a central bank to buy or sell government bonds, corporate bonds, or equities.

Central Bank

A major financial institution responsible for overseeing the monetary system of a nation or group of nations, controlling inflation, issuing currency, and setting interest rates.

Government Bonds

Securities issued by a government to raise funds from the public with a promise to pay periodic interest payments and to return the face value on maturity.