Which of the following is a way to start business with established customers?

Question

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Starting a spin-off business is a way to use an established customer base to start a new venture. This allows the new business to leverage the reputation and trust that has already been built with the existing customer base, potentially increasing the chances of success. Synergizing refers to collaborating with another business to create a mutually beneficial partnership, while effectuation and earn-out are strategies for financing and structuring a new business, respectively.

Which of the Following Is a Way to Start Business