Before buying an existing business,the buyer should analyze two external elements of the business:

Question

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The customer characteristics and direct competitors are crucial external elements to analyze before buying an existing business because they directly impact the business's revenue and profitability. Understanding the customer base and how it may change over time will help the buyer plan for future growth and marketing strategies. Analyzing direct competitors will enable the buyer to develop a competitive advantage and address any potential threats to the business's success. While the other options may also be important, B is the most significant factor to consider.

Before Buying an Existing Business,the Buyer Should Analyze Two External