Lucas and Emily are interested in becoming entrepreneurs. Lucas feels strongly that they should purchase an existing business. $"$By purchasing a business that already exists, we minimize our start$-$up costs," he argues. "Instead of spending our time establishing a reputation and finding customers, we'll have an entire base of customers from Day $1."$ Emily argues in favor of starting a new business. "Most companies that are for sale are going to have skeletons in the closet," she argues. $"$We don't want to inherit someone else's problems. We need to start from scratch and do things right from the beginning."

Which of the following questions describes the point at issue between Lucas and Emily?

Will they be able to make money with a new business venture?

Are there any businesses for sale that would meet their needs?

What is the best way for Emily and Lucas to become entrepreneurs?

Would purchasing a company reduce start$-$up costs?

Will it be easier to obtain financing if they purchase an existing business?