Entrepreneurs Who Are Planning to Retire Often Use Two Strategies

question 160

Multiple Choice

Entrepreneurs who are planning to retire often use two strategies:

• A) sell to outsiders or arrange for an IPO.
• B) assume the role of a silent partner or sell to nonfamily insiders.
• C) sell to outsiders or sell to nonfamily insiders.
• D) sell to outsiders or sell to relatives.

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Definitions:

Productivity

The measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.

Terms of Trade

The ratio at which a country's exports are exchanged for imports, influencing the level of a country's economic health and prosperity.

World Price

The price at which a good is traded on the world market; determined by the world demand and world supply for the good.

Tariff

A Tariff is a tax imposed by a government on imported goods, often used to protect domestic industries from foreign competition.