One reason for buying an existing business is to receive a bargain price below what it would cost to start a new business.

Question

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Buying an existing business can often be a more cost-effective option than starting a new business from scratch, as the business may already have established processes, customer base, and revenue streams in place. This can lead to a lower purchase price compared to the cost and risk of starting a new business.

One Reason for Buying an Existing Business Is to Receive