Which of the Following Is an Advantage of Buying an Existing

question 48

Multiple Choice

Which of the following is an advantage of buying an existing business?

• A)It is easy to find an appropriate existing business for sale given the technology today.
• B)Purchasing a business often requires less cash outlay than for creating a start-up.
• C)Existing managers and employees embrace change due to continuing operations that provide job security.
• D)New technology needs are eliminated.

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Definitions:

Bearer Instrument

A document that entitles the person holding it to ownership or to receive the benefits it confers.

Negotiates

The process of discussing an issue to reach an agreement or compromise between parties.

Farmers Field LLC

A specific entity or company, potentially involved in real estate, agriculture, or sports facility development. However, without more context, further specificity is not possible.

Grain Co-op

An agricultural cooperative organization owned and operated by farmers for the processing, marketing, or selling of grains.