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For an owner,the main financial management emphasis while transferring a business to family members must be to:
Strategic Marketing
The process of planning, developing, and implementing maneuvers to obtain a competitive edge in your chosen niche.
Cross-functional Teams
Groups formed by individuals from various departments or functional areas of a company, collaborating to achieve a shared objective.
Financial Constraints
Limitations on the availability or use of financial resources, affecting an individual's or organization's ability to make decisions.
Different Departments
Units within an organization specialized in distinct operations like marketing, finance, and human resources.
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