INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Merger/Acquisition
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Franchising
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Initial Public Offering
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Retaining control
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Detailed explanation-1: -Pass to Family. Sell to Outside Third Parties. Sell to Inside Key Employees. Planned Liquidation.
Detailed explanation-2: -No exit strategy means that we are not building our company around an exit. For us, the exit isn’t a priority or even a concern. What’s better than an exit strategy? It’s a long-term mission that your company truly cares about.
Detailed explanation-3: -Common exit strategies for startups include IPOs, strategic acquisitions, and MBOs. More established companies often favor a merger or acquisition as an exit strategy but may also choose to go into liquidation or file for bankruptcy if becoming insolvent.
Detailed explanation-4: -Passing the business to a successor. Transferring ownership through a management or employee buyout. Selling the business to a third party.