An Advantage of Buying an Existing Business Versus Starting a New

question 28

Multiple Choice

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

• A)the ability to generate new supplier relationships
• B)the ability to generate immediate sales
• C)no cost for goodwill
• D)flexibility in developing and changing retail strategy

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Definitions:

Order Paper

A document in legislative bodies listing the order in which bills will be debated or considered.

Promissory Note

A written, legally binding document in which one party promises to pay another a defined sum of money at a specified time or upon demand.

Certificate of Deposit

A time deposit financial product offered by banks to individuals that pays interest and returns the principal after a fixed period.

Draft

A preliminary version of a document or plan, subject to revision and refinement.