All of the following are major advantages of buying an existing business over starting a new business EXCEPT
A)obtaining financing is often easier.
B)less risk is involved.
C)product or service is not known in the marketplace.
D)existing suppliers and employees are in place.

Question

Quizplus · Accepted Answer

Option C is incorrect because having a product or service that is already known in the marketplace is actually an advantage of buying an existing business, not a disadvantage. The other options (A, B, and D) are advantages because they highlight easier financing, lower risk, and the presence of established suppliers and employees.

All of the Following Are Major Advantages of Buying an Existing