An Advantage of Buying an Existing Business Versus Starting a New

question 107

Multiple Choice

An advantage of buying an existing business versus starting a new business is ________.

• A) no cost for goodwill
• B) no time lag before opening
• C) favorable lease terms
• D) flexibility in developing and changing a retail strategy

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Definitions:

Collective Behavior

Actions and phenomena that emerge suddenly in a social context, distanced from well-established norms or conventions.

Agglomeration

The clustering of businesses, services, or resources in a specific area, often leading to economic benefits.

Conscious Personality

Refers to the aspects of an individual's personality that they are fully aware of, including thoughts, feelings, and behaviors that the individual recognizes as their own.

Mass Society

A concept referring to a society in which industrialization and bureaucratic expansion create a perceived gap between the individual and the collective or governmental institutions.