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Due diligence is a major requirement for success in purchasing a business. true or false?

Due diligence is a major requirement for success in purchasing a business. true or false?

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The above statement is TRUE.

Due diligence is an investigation, examination, or analysis carried out to validate the facts of a matter under consideration. In finance, Due Diligence involves a review of financial documents before even entering into an agreement with another party. It is very essential while purchasing a business, as one should have a thorough understanding of that business before taking such a huge step.

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