Before Purchasing an Existing Business, an Entrepreneur Should Analyze Both

question 65

True/False

Before purchasing an existing business, an entrepreneur should analyze both its existing and its potential customers.

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Definitions:

Convergence

In communication and social psychology, convergence refers to the process by which individuals adjust their communicative behaviors to be more similar to their communication partners, promoting understanding and rapport.

Reconciles

The process of making one belief, fact, or action compatible with another, often involving the resolution of differences and restoration of harmony.

Relationship Role

The function or part played by an individual within a relational context, often defined by social, cultural, or organizational norms and expectations.

Task Role

A behavioral pattern or role adopted by an individual within a group that aims at achieving the group's goals and tasks.