While finalizing the business plan for the pizza shop that he hopes to soon open,Alfred sits down with his teenage children to discuss the possibilities of them taking over ownership many years down the road.This demonstrates which business plan component?
A) Developing a financial plan
B) Developing an exit strategy
C) Identifying benefits to the community
D) Building a management team

Question

Quizplus · Accepted Answer

Discussing the possibility of his children taking over the business in the future is related to developing an exit strategy, which involves planning for the eventual transition of business ownership.

While Finalizing the Business Plan for the Pizza Shop That