Passing the Business to an Employee Ensures the New Principal

question 7

True/False

Passing the business to an employee ensures the new principal is familiar with the business and the market.

---

Definitions:

Households

Economic units consisting of all the people who occupy a housing unit, playing a crucial role in the economy by providing factors of production and consuming goods and services.

Goods And Services

The physical items (goods) and intangible assistance (services) that satisfy human wants and needs, which are produced and consumed by people.

Utility

The satisfaction received from consumption; sense of well-being.

Satisfaction

The feeling of pleasure or fulfillment that comes from meeting one's needs or expectations.