Advantages to buying an existing business that you do not have with a startup include ________.
A)greater access to venture capital
B)the opportunity to participate in a national advertising campaign
C)inventory is in place and trade credit is established
D)easy implementation of innovations and changes from past policies

Question

Quizplus · Accepted Answer

With an existing business, inventory and trade credit are already in place, which can save time and money compared to starting a business from scratch. Option A is incorrect as venture capital may be easier to obtain for a new business with a unique idea. Option B is unlikely as national campaigns are often tied to specific brands, which would not be the case with a new owner of an existing business. Option D may be more difficult as employees and customers may be resistant to sudden changes in policies.

Advantages to Buying an Existing Business That You Do Not