Which of the following is NOT a characteristic of buying an existing business?

Describe various ways to start a business

Quiz
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Business
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University
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Medium
NURUL (PBU)
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Requires building brand awareness from scratch
Comes with an existing customer base
Reduces startup risks compared to a new business
May require operational restructuring
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a key advantage of starting a new business?
Immediate brand recognition
Full creative control over products and services
Lower financial risk compared to a franchise
Established customer base
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a primary disadvantage of buying an existing business?
Requires creating a business plan from scratch
High level of uncertainty and risk
May involve hidden liabilities or debts
Lack of customer base
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A franchisee typically pays the franchisor
One-time licensing fees only
Monthly royalties and other fees
No fees at all
A fixed annual salary
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a major benefit of running a franchise?
Complete independence in business operations
Lower financial investment than starting a new business
Established brand and operational support
No need to follow business rules or guidelines
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key challenge when establishing a new business?
Finding an existing customer base
Dealing with franchise restrictions
Following an existing business model
Access to franchisor support
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A franchise is best suited for individuals who:
Prefer to build a unique brand from scratch
Do not want to follow rules or guidelines
Want operational support and a proven business model
Want full control over pricing and product decisions
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