When It Comes to Buying an Existing Business,it Is Not

question 7

Multiple Choice

When it comes to buying an existing business,it is not uncommon to find it:

• A)overpriced.
• B)difficult to finance.
• C)with accounts receivable worth more than face value.
• D)bargain priced.

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Definitions:

Auction Site

An online platform where items are sold through a bidding process, with the item going to the highest bidder.

Online Auction

An electronic auction platform allowing buyers and sellers to conduct transactions over the internet.

Commission

A form of payment to an employee or agent for services rendered or products sold, typically calculated as a percentage of sales or profit for that individual.

B2B Website

A platform designed for the exchange of products, services, or information between businesses, rather than between businesses and consumers.