INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following can bedescribed as a full exit strategy?
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Licensing
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Shut down
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Going public (IPO)
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Family succession
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Explanation:
Detailed explanation-1: -The business plan needs to include alternative exit strategies. Examples include selling to family member(s), selling to partner(s), or liquidation. A typical business plan lays out a course of action to start a venture and keep it running. A comprehensive business plan also includes an exit strategy.
Detailed explanation-2: -Passing the business to a successor. Transferring ownership through a management or employee buyout. Selling the business to a third party.
There is 1 question to complete.