Advantages to Buying an Existing Business That You Do Not

question 73

Multiple Choice

Advantages to buying an existing business that you do not have with a startup include ________.

• A)greater access to venture capital
• B)the opportunity to participate in a national advertising campaign
• C)inventory is in place and trade credit is established
• D)easy implementation of innovations and changes from past policies

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Definitions:

Industrial Products

Goods produced and used within industries, including machinery, materials, and equipment, intended for manufacturing or service provision.

Problem-solution

A methodology or approach that identifies an issue and provides a strategic answer or resolution to address it effectively.

Group Insurance

A type of insurance policy that covers multiple individuals under one contract, commonly offered to employees by their employers.

Group Sales Presentation

A sales pitch or demonstration presented to multiple decision-makers or potential buyers at once.