As she considered becoming a partner in a new business venture, Valerie asked her potential partner about a(n) _____ in the event that the partnership did not work out as expected.

Question

Quizplus · Accepted Answer

An exit strategy is a plan for how partners can leave the business or dissolve the partnership if things don't work out as planned. It can include details on how assets will be distributed or how debts will be paid off. It is important for partners to have an exit strategy in place before starting a business together, to avoid potential conflicts or legal issues down the line.

As She Considered Becoming a Partner in a New Business