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An Advantage in Purchasing an Existing Business Is Which of the Following? A

Question 38
Multiple Choice

An advantage in purchasing an existing business is which of the following? A) Image is difficult to change. B) There is an established customer base at the present location. C) Employees may be loyal only to previous management. D) The business location is unfamiliar.

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Q 39
Which of the following is not an advantage to buying an existing business? A) Image is difficult to change. B) Employees are experienced. C) The seller may be willing to provide some financing. D) Inventory and equipment are already in place.
Q 40
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Q 41
Benjamin has recently received a large estate settlement, and he is eager to use the money towards the purchase of a successful business that is already in operation. Which of the following should be discouraged as a source for finding businesses for sale? A) Friends B) Business owners themselves C) Real estate brokers D) Phonebook
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