What Is a Possible Drawback to Buying an Existing Business

question 26

Multiple Choice

What is a possible drawback to buying an existing business?

• A) It creates unrealistic expectations.
• B) There are often significant legal hassles involved in transferring ownership.
• C) You may inherit the mistakes made by the previous owner.
• D) It's significantly riskier than starting from scratch.

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Definitions:

Social Movement

A collective, organized effort or campaign to promote or resist change in society or the government, often driven by grassroots activism.

Lobbyist

An individual or group that attempts to influence legislators' decisions on behalf of a specific interest or organization.

Legislation

Laws or statutes that have been formally enacted by a legislature or governing body.

Economic Interest Groups

Organizations that represent the economic interests of their members in political processes, aiming to influence public policy.