$9$:$10$

$5$G

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$9$

$4$

$20$

$27\%$

Which of the following statements are disadvantages of purchasing an existing business? $($Check all that apply.$)$

Select All That Apply

The facilities and equipment may be obsolete or in need of major repair.

Existing employees may be resistant to change.

The royalty payments that the former owner$($s$)$ are charging may be very costly$.$

The business may be declining, because of new technology that is being used by competitors.

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