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The Prospective Buyer Should Determine a Price for the Business

question 53

Multiple Choice

The prospective buyer should determine a price for the business by adding the value of tangible and intangible assets with the ____ potential.


Definitions:

Chain Hoist

A device used for lifting heavy loads by means of a chain, operated manually or electrically.

Markup Percent

The ratio by which the cost of a product is increased to arrive at its selling price, expressed as a percentage of the cost.

Travel Agent

A professional who arranges travel for individuals or groups, including accommodations, transportation, and itineraries.

Dollar Markup

The difference between the selling price of an item and its cost, expressed in dollar terms.

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