1. A disadvantage of buying an existing business is which of the following? a. Image is...
1. A disadvantage of buying an existing business is which of the following?
a. Image is difficult to change.
b. The employees are experienced.
c. Inventory and equipment are in place.
d. Customers are familiar with the location.
Homework Answers
Answer: Option A – Image is difficult to change
Explanation: One of the disadvantages of buying an existing business is that the past experience (and hence image created) of the business in the market is difficult to change in the eyes of the stakeholders. The advantages for buying the same would include that employees are already skilled and ready, customer base is ready to work with and all equipment & inventory is already present.
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