Buying an existing business looks appealing to the potential business owner for which of the following reasons?
A) The existing firm is already functioning.
B) The existing firm will always make a profit.
C) The existing firm will have the best employees.
D) The existing firm's owner will always provide financing.

Question

Quizplus · Accepted Answer

Buying an existing business is appealing because it is already functioning, meaning it has established operations, customer base, and possibly a reputation, which can be advantageous compared to starting a new business from scratch. Choices B, C, and D are not guaranteed simply by the nature of the business being existing.

Buying an Existing Business Looks Appealing to the Potential Business