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21 votes
21 votes
What is a common drawback of buying an existing business?

OA. Potential for being misled on viability
B. Trouble in identifying market needs
OC. Slow pathway to entrepreneurship
OD. Higher risk of failure than with a start-up

User Srini Karthikeyan
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2 Answers

23 votes
23 votes
otential for being misled on the viability.
I think
User Chobo
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18 votes
18 votes

Answer:

A. Potential for being misled on viability.

Step-by-step explanation:

A common drawback of buying an existing business is the potential for being misled on viability. It is important to thoroughly research and evaluate the business before making a purchase to ensure that it is financially stable and has a good track record. Other potential drawbacks of buying an existing business include the possibility of inheriting financial or legal problems from the previous owner, difficulty in integrating into the existing business structure or culture, and the need to negotiate a fair price for the business. However, buying an existing business can also have benefits, such as a proven customer base, established suppliers and networks, and experienced employees.

User Andybee
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