When Buying an Existing Business,the Potential Buyer Should Remember That

question 51

Multiple Choice

When buying an existing business,the potential buyer should remember that:

• A)it is a long process and the buyer should be patient.
• B)existing businesses often do not continue to be successful after a change in ownership.
• C)it is often more difficult to find capital for an existing business than it is for a start-up.
• D)he/she will likely have to make significant changes in the work force.

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Definitions:

Patriarchal

A social system in which men hold primary power and predominate in roles of political leadership, moral authority, social privilege, and control of property.

Communication

The process of exchanging information, ideas, thoughts, and feelings through spoken or written words, symbols, or actions.

Holistic Approach

A method that emphasizes the importance of understanding the whole person or system, rather than just its parts.

Somatic Complaints

Physical symptoms that a person experiences and reports, which may not have a discernible medical cause but are often linked to psychological distress.