Buying an existing business _____.a.is beneficial because an established business always has a good reputationb.is not recommended because there are too many disadvantagesc.allows the owner to build upon the goodwill of previous customersd.is a high risk because successful businesses are usually not sold
An existing business can be for sale because _____.a.the owners are retiringb.the owners are entering a new businessc.the business is losing moneyd.all of the above
Jefferson is interested in starting his own business. He plans to borrow money from the local bank in order to finance the business. They will require him to submit a business plan and a(n) _____. a. buy-out plan b. income statement c. partnership agreement d. financial plan Please select the best answer from the choices provided
In order to move up on the career ladder, additional education is often required.
Entrepreneurs are self-motivated and recognize opportunities around them.
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