The advantages of buying an existing business can include:

A. Existing customers - This is a major advantage as acquiring new customers is often more costly than retaining existing ones. The business will already have a customer base which can provide immediate revenue.

B. Outstanding contracts - These can also be beneficial as they may provide a guaranteed income for a certain period of time. They can also be a sign of a good reputation and strong relationships with clients.

C. Extra expenditure - This is generally not an advantage. Extra expenditure refers to additional costs that may not have been anticipated. This could include things like necessary repairs or upgrades, outstanding debts, or costs associated with changing the business to suit your vision.

So, the advantages among the options given are A. Existing customers and B. Outstanding contracts.

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The advantages of buying an existing business can include:

A. Existing customers - This is a major advantage as acquiring new customers is often more costly than retaining existing ones. The business will already have a customer base which can provide immediate revenue.

B. Outstanding contracts - These can also be beneficial as they may provide a guaranteed income for a certain period of time. They can also be a sign of a good reputation and strong relationships with clients.

C. Extra expenditure - This is generally not an advantage. Extra expenditure refers to additional costs that may not have been anticipated. This could include things like necessary repairs or upgrades, outstanding debts, or costs associated with changing the business to suit your vision.

So, the advantages among the options given are A. Existing customers and B. Outstanding contracts.

Knowee AI · Accepted Answer

The advantages of buying an existing business can include:

A. Existing customers - This is a major advantage as acquiring new customers is often more costly than retaining existing ones. The business will already have a customer base which can provide immediate revenue.

B. Outstanding contracts - These can also be beneficial as they may provide a guaranteed income for a certain period of time. They can also be a sign of a good reputation and strong relationships with clients.

C. Extra expenditure - This is generally not an advantage. Extra expenditure refers to additional costs that may not have been anticipated. This could include things like necessary repairs or upgrades, outstanding debts, or costs associated with changing the business to suit your vision.

So, the advantages among the options given are A. Existing customers and B. Outstanding contracts.

Which of the following is the advantage of buying an existing business?Question 3Select one:A.Existing customersB.Outstanding contractsC.Extra expenditure

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