______ is defined as the entrepreneur buying out the existing owner and taking over operations and is sometimes seen as less risky.

Question

Quizplus · Accepted Answer

Buying a small business involves purchasing an existing business and taking over its operations, which can be less risky than starting a business from scratch. Additionally, it provides the entrepreneur with an established customer base, brand reputation, and possibly even trained employees. Going into a partnership with the owner (A) may involve sharing control and profits of the business, which can be a disadvantage. Buying a franchise (B) involves paying initial franchise fees, ongoing royalties, and adhering to strict operational guidelines set by the franchisor. Purchasing stock from a broker (D) involves investing in a publicly traded company and does not involve buying an existing small business.

______ Is Defined as the Entrepreneur Buying Out the Existing