All of the Following Are Major Advantages of Buying an Existing

question 19

Multiple Choice

All of the following are major advantages of buying an existing business over starting a new business EXCEPT

• A)obtaining financing is often easier.
• B)less risk is involved.
• C)product or service is not known in the marketplace.
• D)existing suppliers and employees are in place.

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Definitions:

Lagging Indicators

Metrics that follow an event, used to confirm patterns or trends, typically economic, after they have begun to manifest.

Strategic Learning

The process of using performance metrics to verify strategic objective expectations and, if necessary, adjusting them.

Strategic Objective

A long-term goal set by a business or organization to guide its mission and influence decision-making.

Statistical Analysis

The process of collecting, exploring, and presenting large amounts of data to discover underlying patterns and trends.