All of the Following Are Major Advantages of Buying an Existing

question 39

Multiple Choice

All of the following are major advantages of buying an existing business over starting a new business EXCEPT

• A) less risk is involved.
• B) product or service is not known in the marketplace.
• C) obtaining financing is often easier.
• D) existing suppliers and employees are in place.

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Definitions:

Concise

The quality of expressing or covering much in few words, without unnecessary elaboration or redundancy.

Confusing

Lacking clarity or easy understanding; capable of causing someone to feel bewildered or perplexed.

Exact Statistics

Precise numerical data that quantitatively describe specific aspects of a study or research findings.

Rounded Off

The process of adjusting a number to the nearest value, often to make it simpler or more comprehensible.