Why Entrepreneurs May Decide to Buy an Existing Business (Grade 11 NSC Matric Business Studies): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What does entrepreneurship involve?
What does entrepreneurship involve?
Setting up business & taking financial risks
What is goodwill in business terms?
What is goodwill in business terms?
Positive reputation & customer loyalty
How long might start-ups take to achieve positive cash flow?
How long might start-ups take to achieve positive cash flow?
6-24 months
Why is an existing customer base valuable when buying a business?
Why is an existing customer base valuable when buying a business?
Customers already know, trust & purchase
How many years of financial records help secure financing for existing businesses?
How many years of financial records help secure financing for existing businesses?
Three or more years
What proportion of start-ups survive past their second year?
What proportion of start-ups survive past their second year?
Only one in ten
What does market share represent?
What does market share represent?
Percentage of total sales in industry
What is working capital?
What is working capital?
Money needed for day-to-day operations
Which hidden problem might cause an owner to sell their business?
Which hidden problem might cause an owner to sell their business?
Supply chain issues affecting products
What infrastructure benefit comes with buying an existing business?
What infrastructure benefit comes with buying an existing business?
Can start generating income immediately