A new owner of an existing business can generally introduce change and innovation almost as easily as if the company were a new business because employees and customers expect change in business practice when there is a change in ownership.
Which of the following is true about the preparation of a business plan?
An ESOP:
Porter's five forces model assess industry attractiveness by surveying these five factors:
Which of the following statements concerning financing the purchase of an existing business is true?
Laurette has entered into a contract with Jackson to purchase his retail music shop. Jackson's lease on the existing building (which is in an excellent location) has five years remaining. If Laurette wants the lease to be part of the business sale:
A ________________________ is a relatively new form of partnership whose shares are traded on stock exchanges, just like a corporation's shares.
The most common reasons that owners of small businesses give for selling are the intensity of competition and an inability to raise sufficient cash to continue to grow.