Question: Suppose you are planning to buy a personal service business
Suppose you are planning to buy a personal service business, and you are trying to decide between a haircutting salon and a day spa offering manicures, pedicures, and massages. Some summary data for the two businesses are shown below in Exhibit 3.44.
What do these measures tell you about the businesses? Other things being equal, which one would you be likely to purchase, and why?
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