A business owner tells her banker,"I'd like you to meet my son,John,who is going to help me take inventory." What stage of succession is this?

Question

Quizplus · Accepted Answer

The statement indicates that the banker is being introduced to the business owner's son as a helper for taking inventory. This implies that John is not yet formally involved in the business but is being given an opportunity to gain experience and exposure to the operations. Therefore, this is the pre-business involvement stage of succession.

A Business Owner Tells Her Banker,"I'd Like You to Meet