All of the following are major advantages of buying an existing business over starting a new business EXCEPT
A) less risk is involved.
B) product or service is not known in the marketplace.
C) obtaining financing is often easier.
D) existing suppliers and employees are in place.

Question

Quizplus · Accepted Answer

Starting a new business means that the product or service is not known in the marketplace, which is not an advantage of buying an existing business. The other options (less risk, easier financing, existing suppliers and employees) are all advantages of buying an existing business.

All of the Following Are Major Advantages of Buying an Existing