An entrepreneur sells the business to a group of venture capitalists who want to buy the business because they believe it is a good investment and because they do not own a business in the same industry yet. This is known as a sale to
A) nondirect competitors.
B) financial competitors.
C) direct competitors.
D) noncompetitors.
E) None of the above.

Question

Quizplus · Accepted Answer

This is known as a sale to noncompetitors because the group of venture capitalists does not own a business in the same industry, indicating they are not in direct competition with the business they are purchasing.

An Entrepreneur Sells the Business to a Group of Venture