What Is the Advantage to Starting a Business from Scratch

question 107

Multiple Choice

What is the advantage to starting a business from scratch instead of buying an existing business?

• A) There is a proven ability to attract customers.
• B) Profit is generated sooner.
• C) There is a stronger relationship with lenders and other stakeholders.
• D) There are no ill-effects from the previous owner.
• E) There is a clearer picture of what to expect in terms of start-up.

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Definitions:

Menopause

Physiological cessation of ovulation and menstruation that typically occurs during middle adulthood in women.

Climacteric

Physiological, developmental change that occurs in the male reproductive system between the ages of 45 and 60.

Irregular Menstrual

Refers to variations in the menstrual cycle that deviate from the typical 28-day cycle, affecting frequency, duration, and flow.

Emerging Adulthood

The time from adolescence to the young adult when responsibilities of a stable job, marriage, and parenthood begin. It includes five features: the age of identity exploration; the age of instability, the age of self-focus, the age of feeling in between and the age of possibilities.