The Seller of an Existing Business Placed a High Value

question 70

Multiple Choice

The seller of an existing business placed a high value on his experienced employees.The buyer should be wary of this because:

• A)their skills may be obsolete.
• B)the seller wants a higher price for his business.
• C)the workers may decide to leave after the sale.
• D)the buyer will want to bring in his own people.

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded by consumers at each price level.

Product

Any good, service, or idea that can be offered to a market to satisfy a want or need.

Substitutes

Products or services that can replace or be used in place of one another.

Price

The amount of money expected, required, or given in payment for something.