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's starting a new business of their own?

Question

Quizplus · Accepted Answer

Starting a new business would give Short and Shearer a lot of freedom and independence, as they would be able to make all the decisions and establish the business culture and values from scratch. This is a potential advantage over purchasing an existing business, where they might have to work within an established structure and culture that may not be a good fit for them. While starting a new business may involve stress and time demands, it also offers the opportunity for greater creative control and potentially higher returns on investment. Therefore, option C strengthens the case for Short and Shearer to start a new business of their own.

Short and Shearer Are Two Friends Who Want to Begin