One of the disadvantages of buying an existing business is that customers may be loyal to previous owners.

Name: One of the disadvantages of buying an existing business is that customers may be loyal to previous owners.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When a business is purchased, the new owner may face a challenge in retaining existing customers if they were more attached to the previous owner or management. This can be a disadvantage of buying an existing business.

One of the Disadvantages of Buying an Existing Business Is