In the context of buying a business, a known commodity may command a higher price for which of the following reasons?

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Avoiding start-up costs is a significant advantage of buying an existing business, as it allows the buyer to bypass many of the expenses and challenges associated with getting a new business off the ground. This can include costs related to establishing a customer base, marketing, hiring employees, and setting up operations, all of which can add substantial value to an existing business.

In the Context of Buying a Business, a Known Commodity