Question

question 1 of 10: when buying an existing business, it is important to:
a) find out why the business is for sale
b) review existing financial statements
c) both a) and b)
d) none of the above

Explanation:

Finding out why a business is for sale helps uncover potential issues. Reviewing financial statements gives insight into its financial health. Both are crucial when buying an existing business.

Answer:

C. Both a) and b)