Short and Shearer are two friends who want to begin an entrepreneurship as business partners. They need to decide whether to start up a new business or to buy an existing business. To do this, Short and Shearer need to weigh the pros and cons of each in order to see what the best strategy for them would be. Which of the following, if true, would strengthen the case for Short and Shearer buying an existing business?

Question

Quizplus · Accepted Answer

Buying an existing business provides Short and Shearer with an existing customer base, which can save time and money compared to starting a new business from scratch to create a customer base. Option A, C, D, and E do not strengthen the case for buying an existing business. Option A talks about having ideas, but it does not relate to the decision of starting or buying a business. Option C talks about difficulties, but it does not specify whether this is a valid concern for an existing business or not. Option D talks about valuing independence, but it does not connect with the decision to buy or start a business. Option E states debt in existing small businesses, but it is not a significant factor in determining whether to buy or start a business.

Short and Shearer Are Two Friends Who Want to Begin