An Advantage of __________ Is That There Is a Shorter

question 18

Multiple Choice

An advantage of __________ is that there is a shorter start-up time and an existing track record.

• A) participating in a business incubator
• B) starting a new business
• C) buying a franchise
• D) buying an existing business
• E) debt financing

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Definitions:

Short-Term Problems

Issues or challenges that need immediate attention and resolution, typically affecting an organization or individual over a brief period.

Crisis Management

The identification, prevention, and handling of emergencies, especially those that threaten to harm an organization's people, profitability, or reputation.

Inadequate Information

A situation where the data available is insufficient or too vague to support effective decision-making or understanding.

Teamwork

The joint effort of a team to accomplish a shared objective or to finalize a task in the most effective and efficient manner.