When acquiring a business, the buyer should ________.
A)conduct a self-analysis of skills, abilities, and interests
B)develop a list of criteria that define the "ideal business" for the buyer
C)prepare a list of potential candidates that meet the criteria
D)All of the above

Question

Quizplus · Accepted Answer

All of the given options are important steps that a buyer should take when acquiring a business. Conducting a self-analysis will help the buyer determine what they are looking for and what they are capable of managing. Developing a list of criteria will help narrow down potential candidates and ensure that the buyer is targeting businesses that fit their needs. Finally, preparing a list of potential candidates that meet the criteria will allow the buyer to start the process of evaluating and ultimately selecting a business to acquire.

When Acquiring a Business, the Buyer Should ________