1-When done correctly, the due diligence process will ________. *

rarely prove to be beneficial

be time consuming and expensive

reveal both the positive and negative aspects of an existing business

most often result in the purchase of the business

2- Prototypes usually point out potential problems in a product's ________. *

price

design

color

marketing

3- Small companies ________. *

account for approximately 10 percent of the nation's GDP and 25 percent of business sales

are concentrated in the manufacturing and retail sectors

are the leaders in offering training and advancement opportunities to workers

created fewer jobs than big companies in the last decade

4- The most common reasons owners of small- and medium-sized businesses give for selling their businesses are ________. *

boredom and burnout

greater opportunities working for someone else and low return on investment

need for money and low return on investment

low return on investment and burnout

5- When brothers Jad and Jude, two enterprising college graduates, returned to their village, they approached the owner of a local grocery store established by the current owners father 70 years earlier about buying the business. The company was not listed for sale, but Jad and Jude knew that the current owner might be interested in selling. After months of negotiations the two brothers closed the deal. They have since expanded the business and increased it profitability. How did Jad and Jude tap into this hidden market of potential acquisition? *

The Internet

Brokers

Networking

Knocking on the doors of businesses one would like to buy