Scenario 6-1. Jerry Jones is a young entrepreneur straight out of college. After taking a course in Small Business Management, Jerry has decided that he would like to purchase an existing business and hopefully avoid some beginner's errors. He spends some time looking and finally finds a business that appeals to him, a small sporting goods store. Jerry loves to fish and hunt. The store currently has a huge inventory in place. Jerry decides to pursue purchasing the business further.
-In Scenario 6-1, which of the following would have been a good source of information on current businesses that are for sale that is often overlooked?

Question

Quizplus · Accepted Answer

C) Word of mouth through family, friends, and current business acquaintances is often an overlooked but highly effective way to find businesses for sale, as these networks can provide insider information and personal endorsements not available through more formal channels.