Once a Business Owner Transfers Power and Control to Her

question 127

True/False

Once a business owner transfers power and control to her successor,she should not hesitate to step back into the business to fix problems when they occur.

---

Definitions:

Empathic Understanding

The ability to understand and share the feelings of another person from their perspective as a means to better cater to their needs and expectations.

Business Analysis

The practice of identifying business needs and determining solutions to business problems.

Product Development

The process of bringing a new product from concept to market, involving idea generation, design, development, and commercialization stages.

Demand

The desire or need for goods and services by consumers at a given price point and time.