The Advantage of Buying an Existing Business Is the Ability

question 94

True/False

The advantage of buying an existing business is the ability to develop and design the business in the entrepreneur's own way.

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Definitions:

Real Assets

Assets used to produce goods and services such as land, buildings, and equipment.

Land

A factor of production that refers to the natural resources available for producing goods and services, including physical space and environmental resources.

Machines

Mechanical or electronic devices operating independently or with minimal human intervention, often used in manufacturing or processing.

Knowledge

Information, understanding, or skills acquired through experience or education.