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?

Question

Quizplus · Accepted Answer

Discussing the possibility of his children taking over the business in the future is an example of developing an exit strategy. This component of a business plan outlines how the owner plans to exit the business, either through selling, passing it on to family members, or other means.

While Finalizing the Business Plan for the Pizza Shop That