some point on business evaluation at list 5point
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- A business evaluation is an analysis and review of the entire business as a whole.
- It is conducted to determine the overall standing and operation of a business before it is sold by the owner to a potential interested buyer.
- The evaluation is conducted to ensure that the buyer understands what areas may need attention and what changes need to be implemented to get the business desired from the purchase.
- If the business is being evaluated with the goal of selling it to potential buyers, the evaluation commonly consists of analyzing the owner’s choices and judgments in operating the business.
- he/she decides and judgments made by the owner also will reflect in the assets and liabilities that exist under the business’ name and the operational budget.
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