All of the Following Are Advantages of Buying an Existing

question 15

Multiple Choice

All of the following are advantages of buying an existing business, except:

• A) Buying an existing business can reduce the risk.
• B) Acquiring a "going concern" with a good past history increases the likelihood of a successful operation for the new owner.
• C) Has an established clientele.
• D) Poor location.

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Definitions:

Baby Boomers

The demographic cohort following World War II, typically born between 1946 and 1964, known for their influence on politics and culture.

Generation X

The generation born approximately between the early 1960s and early 1980s, known for its bridge between the Baby Boomers and Millennials.

Generation Y

Also known as Millennials, refers to the demographic cohort following Generation X, usually considered to be born between the early 1980s and the mid-1990s to early 2000s.

Intergenerational Program

Initiatives designed to bridge the gap between generations, promoting understanding, cooperation, and mentorship among different age groups.