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Small Firms
Businesses often characterized by a small number of employees, limited market share, and possibly locally oriented markets.
Principal-Agent Problem
A situation in economics where there is a conflict of interest between a principal (such as a shareholder) and an agent of the principal (such as a manager), due to the agent having more information.
Golden Parachute
A substantial benefits package given to top executives if the company is taken over by another firm, and the executives are terminated as a result of the takeover.
Market Share
The portion of a market controlled by a particular company or product.
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