When buying a business, competition must be investigated because

Question

Quizplus · Accepted Answer

All three options are potential consequences of competition that should be investigated when buying a business. Price competition can impact profits, new competition can reduce the business's market share, and competition with higher advertising expenditures can make it more challenging for the business to attract and retain customers. Understanding these competitive forces is essential for making informed decisions about the viability and potential success of the business.

When Buying a Business, Competition Must Be Investigated Because