All of the Following Are Advantages of Buying an Existing

question 15

Multiple Choice

All of the following are advantages of buying an existing business, except:

• A) Buying an existing business can reduce the risk.
• B) Acquiring a "going concern" with a good past history increases the likelihood of a successful operation for the new owner.
• C) Has an established clientele.
• D) Poor location.

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Definitions:

System Readjusts

The process by which a system modifies itself or its components to adapt to changes in its environment or operations.

Vestibular Sacs

Part of the inner ear involved in balance and spatial orientation, containing fluid that moves in response to changes in head positions.

Gravity and Movement

The influence of gravitational force on the mechanical actions and behaviors of bodies, relevant in physics and human physiology.

Figure-Ground

A principle in perception that involves distinguishing a visual stimulus (the figure) from its surrounding background (the ground).