According to the Text,all of the Following Are Reasons for Buying

question 32

Multiple Choice

According to the text,all of the following are reasons for buying an existing business rather than starting a new one from scratch EXCEPT:

• A) better odds of success
• B) proven ability to draw customers
• C) established track record
• D) ability to implement a new business concept

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Definitions:

Patent

A barrier to entry that grants exclusive use of the patented product or process to the inventor.

Soda Cans

Aluminum containers used for packaging soft drinks and other beverages, chosen for their lightweight, durability, and recyclability.

Marginal Cost

The cost for the creation of one extra unit of a product or service.

Marginal Revenue

The extra revenue obtained by selling an additional unit of a product or service.