An Outright Sale Occurs When an Entrepreneur Sells the Venture

question 74

True/False

An outright sale occurs when an entrepreneur sells the venture to family members, managers, employees, or outside buyers.

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Definitions:

Four Actions Grid

A strategic tool used in blue ocean strategy to redefine the value proposition by determining what to eliminate, reduce, raise, and create.

Blue Ocean Strategy

A business strategy that focuses on creating a new market space (or "Blue Ocean") that is uncontested and makes competition irrelevant.

Four Actions Grid

A strategic tool used in the Blue Ocean Strategy framework that helps businesses to determine new opportunities by asking four questions: What to eliminate, reduce, raise, and create.

Blue Ocean Strategy

A business theory that suggests companies are better off searching for ways to gain "uncontested market space" rather than competing with similar companies.