Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business
New Topic  
goji.go goji.go
wrote...
Go to Answer
Posts: 5977
Rep: 293 0
10 years ago
Which of the following is NOT an advantage of buying an existing business?
A) It is simpler than beginning a new business from scratch.
B) There is a reduction in start-up time and energy.
C) An existing business has less competition.
D) An existing business has an existing customer base.
E) It might be easier to obtain financing to purchase the existing business.
Read 3525 times
2 Replies
Diesel
Replies
bbb
wrote...
#1
10 years ago
C) An existing business does not necessarily have less competition than any other type of business. It may or may not have a product or service that is better than that of its competitors. In either case, it is important to gather information about the competitive environment of any business one is considering buying. Buying an existing business is often simpler than beginning a new business from scratch. An existing business has an existing method of operating, experienced staff and a customer base; therefore, it can take less time and energy for the new ownership to get established.
Answer accepted by topic starter
goji.go Authorgoji.go
wrote...
#2
Top Poster
Posts: 5977
Rep: 293 0
10 years ago
Sign in or Sign up in seconds to unlock everything for free
1
Diesel

Related Topics
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1177 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 4429
  
 550
  
 270
Your Opinion
Who's your favorite biologist?
Votes: 586
Previous poll results: Which country would you like to visit for its food?