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

The advantages of buying an existing business can include:

A. Existing customers - This is a major advantage because it means that the business already has a customer base. This can provide immediate revenue and can also make it easier to predict future sales.

B. Outstanding contracts - If the business has contracts in place, this can provide a guaranteed source of income for a certain period of time. It can also make it easier to plan for the future, as you have a better idea of what your income will be.

C. Extra expenditure - This is not typically seen as an advantage. Buying an existing business can often involve significant costs, such as the purchase price of the business, legal fees, and costs associated with transferring the business to your name. However, in some cases, these costs may be offset by the benefits of having an established customer base and