Advantages to Buying an Existing Business That You Do Not

question 73

Multiple Choice

Advantages to buying an existing business that you do not have with a startup include ________.

• A)greater access to venture capital
• B)the opportunity to participate in a national advertising campaign
• C)inventory is in place and trade credit is established
• D)easy implementation of innovations and changes from past policies

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Definitions:

Dominant Strategy

In game theory, a strategy that is the best for a player to follow regardless of the strategies chosen by other players in the game.

Wealth

The accumulation of valuable financial assets or tangible possessions that can be used or exchanged to procure goods and services.

Contribute

To give or donate something, such as resources, ideas, or money, towards a common goal or project.

Benefit

An advantage, profit, or gain received from something.