An advantage of buying an existing business versus starting a new business is ________.
A) no cost for goodwill
B) no time lag before opening
C) favorable lease terms
D) flexibility in developing and changing a retail strategy

Question

Quizplus · Accepted Answer

When buying an existing business, there is no time lag before opening as the business is already established and operating. This can be a significant advantage over starting a new business, which involves a lengthy planning and set-up process before opening. While there may be costs associated with goodwill and lease terms, the lack of a time lag can be a valuable benefit. The option to have flexibility in developing and changing a retail strategy is present in both buying an existing business and starting a new business, and therefore not unique to buying an existing business.

An Advantage of Buying an Existing Business Versus Starting a New