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:

Exclusive Country Clubs

Private clubs that offer recreational and social facilities to members, often characterized by selective membership processes.

Employee Assistance Plans

Programs offered by employers to provide confidential support services to employees dealing with personal or work-related problems.

Factor-Comparison Method

The factor-comparison method for job evaluation assesses jobs, on a factor-by-factor basis, using a factor-comparison scale as a benchmark.

Job Evaluation

A systematic process for determining the relative worth or value of a job in relation to other jobs within an organization.