Exam 3: Finding Opportunity in an Existing Business

With a family business, much like the acquisition of any going concern, there is a chance to build upon its ________ and to turn around ________ aspects.

Business ________ buy and sell businesses for a fee, in essence serving as a matchmaker.

As the buyer in a negotiation, you are working to do all of the following except ________.

No matter what the price, in negotiation you must always close the deal with the purchase of your targeted business.

Approximately 50,000 businesses change ownership each year.

A common undisclosed reason to sell a business is not ________.

Typically, you will have to secure more capital to buy a business than to start one up because you are paying for the ________.

Today, a quick scan of the Internet for information on the company and/or owner can provide ready access to information such as ________.

It is ________ to buy a going concern for less than it would cost to start a similar company.

Which of the following can jump start the ownership process?