One of the advantages of buying an existing business is: You always get the best location The opportunity to participate in a national advertising campaign Equipment is installed and production capacity is known Easy implementation of innovations and changes from past policies

Question

Business

Rosa Elliott

7 August, 11:12

One of the advantages of buying an existing business is: You always get the best location The opportunity to participate in a national advertising campaign Equipment is installed and production capacity is known Easy implementation of innovations and changes from past policies

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Answers (1)

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Jase Odonnell · Answer 1

Equipment is installed and production capacity is known.

Explanation:

When buying an existing business, the entrepreneur may find several advantages and disadvantages.

In the case of advantages, the most suitable alternative for this issue is to have installed equipment and knowledge of the production capacity.

This is an essential advantage, as it allows the new management of the company to have greater control over operations and thus can develop a more targeted and effective strategic planning to monitor and control organizational processes to achieve objectives and goals.