Which of the Following Is an Advantage of Buying an Existing

question 7

Multiple Choice

Which of the following is an advantage of buying an existing business?

• A) Established supplier relationships
• B) Increased customer loyalty
• C) Freedom to choose locations
• D) Opportunity to develop new inventories
• E) Minimal production costs

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Definitions:

Win-Win Conflict

In win-win conflict the conflict is resolved to everyone’s benefit.

Interpersonal Styles

The varying approaches or techniques people use to communicate and interact with others.

Tradeoffs

Situations where choosing one option results in the sacrifice of another option, highlighting the necessity of compromise.

Perceptual Distortion

A cognitive bias that affects the way individuals perceive or interpret information, often leading to misjudgment or error.