When Acquiring a Business, the Buyer Should ________

question 59

Multiple Choice

When acquiring a business, the buyer should ________.

• A)conduct a self-analysis of skills, abilities, and interests
• B)develop a list of criteria that define the "ideal business" for the buyer
• C)prepare a list of potential candidates that meet the criteria
• D)All of the above

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Definitions:

Efficiency Standpoint

A perspective from which actions are evaluated based on their ability to achieve the highest output with the least waste of resources.

Economic Action

Any decision or behavior by individuals or organizations that involves the generation, distribution, and consumption of goods and services.

Costs

The value of resources sacrificed to achieve a particular objective, such as producing goods or services.

Benefits

Forms of value, such as financial support, goods, or services, provided to individuals or organizations, typically as part of employment or governmental support.