1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
creativ13 [48]
3 years ago
10

A sole proprietor wants to take out a loan so she can buy a small restaurant and open her own cafe. What are some benefits and c

osts of buying the restaurant property?
Social Studies
2 answers:
8090 [49]3 years ago
7 0

Answer:

Benefits of owning a Business

1) She would have the, advantage of not sharing her profit with anyone.

2.) She would be her own boss.

3.) She would gain the sense of achievement business ownership.

4.) She would have a legacy in the business.

5.) She doesn't have to pay any special taxes.

Cost of buying the business

1.) She would have an unlimited liability.

2.) She would have limited financial resources to run the business.

3.) Managing difficulties would arise.

4.) The very high time commitment attached to running a firm.

5.)Very little benefits derived in most cases.

6.) limited growth in most cases.

7.) Most one man business has a limited life span/duration.

Margarita [4]3 years ago
6 0

Answer:

By buying an existing restaurant, you will be helped in:

  • build a customer base
  • catapulted restaurant names
  • easy to change the clock and menu

Explanation:

Buying a restaurant yourself does have some advantages and disadvantages. Like talking about a coin that has two sides. In starting a business, especially a restaurant business, many things are considered if we want to buy a restaurant. Moreover, using borrowed money to buy it. Certainly, there will be risks found after we buy the restaurant we choose. An example of the risk is that reputation is not good, and changing the reputation of a restaurant is not an easy matter.

You need to ask the reason why the restaurant is for sale. There are two main reasons why restaurant owners sell their businesses: private and business. Included in personal reasons are health problems, wanting to retire, or other reasons such as wanting to do lighter work. While those included in business reasons are: unsatisfactory income, population movements occur so that the customer base is reduced, or are in need of fast money.

#AnswerForTrees

You might be interested in
During the period between World War I and II, which general foreign policy was followed by the United States
lina2011 [118]

Answer:

isolationism

Explanation:

4 0
3 years ago
What is the answer of this one
PtichkaEL [24]
1.The Trans-Arabian Pipeline Company was a company created as joint venture by Standard Oil of New Jersey, the Socony-Vacuum Oil Company, the Texas Company and the Standard Oil of California in order to run and build the Trans-Arabian Pipeline.

2.Basically it shut down due to various political and economic reasons. The part of the pipeline was after the six-day war under the control of Israel, but they allowed it to function.  The constant bickering over transit fees  between Syria, Saudi Arabia, Lebanon and the pipeline breakdowns as well as the development of bigger oil tankers led to the closing of the portion of the pipeline. Saudi Arabia closed the rest after Jordan supported Iraq in the first Gulf War. The company became the subsidiary of Aramco and as the oil stopped flowing Aramco closed the subsidiary.

7 0
3 years ago
An indigent defendant was arrested and charged with burglary. At his preliminary hearing, counsel was appointed. Unable to satis
bezimeni [28]
As far as I know I think it is B

8 0
3 years ago
When a person truly believes he does everything corrrectly?
viva [34]
I mean I think I do everything correct most of the time so I am not sure.
5 0
3 years ago
Pros and cons of support women into more senior roles. (Under gender inequality)
yan [13]

Answer:

cons:Less money, discrimination

8 0
2 years ago
Read 2 more answers
Other questions:
  • Traditional dating patterns include a. ritualized dating behavior. b. established designated night for dates out. c. leads to se
    13·2 answers
  • Nathan just moved into a new apartment and spent the first day hanging pictures, putting out souvenirs of important times, and p
    11·1 answer
  • Neighbor Fred built a retaining wall that was 2 feet outside his property line. What has Fred created?
    11·1 answer
  • American colonists began to rebel against King George because... explain 2 reasons
    10·1 answer
  • Discuss briefly the theory of Mead’s trilogy (mind, self, and society).Relate with – “The drive to make sense out of experience,
    10·1 answer
  • What were the dynamics that led to the Rwandan genocide?
    12·1 answer
  • Your six-year-old brother has developed some very distressing habits. He has become increasingly aggressive, destroying toys, hi
    9·1 answer
  • GEORGIA: Georgia was founded partially as a place for debtors but also 2 points
    14·1 answer
  • What was one effect of santa annas rise to power in the 1830s
    5·1 answer
  • Nearly every day, you hear or read persuasive appeals. Advertisers try to persuade you to buy a product or service. A friend pre
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!