Identify and Describe the Pros and Cons of Buying an Established

question 101

Essay

Identify and describe the pros and cons of buying an established business.

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Definitions:

Economic Value

The worth of a good or service determined by its ability to satisfy needs or wants, as well as its scarcity and utility.

Future Economic

Future economic refers to projections or expectations about economic conditions and their effects on investment, spending, and economic growth in the future.

Accrued Expense

Expenses that have been incurred but not yet paid or recorded in the financial statements, recognizing expenses when they are incurred, not when paid.

Computer Technician

A professional who diagnoses, repairs, and maintains computers and servers.