In a/an ____, the entrepreneur has the ability to cash out a portion of his or her investment and still manage the business for an agreed-upon time when the business is sold at a prearranged price.

Question

In a/an ____, the entrepreneur has the ability to cash out a portion of his or her investment and still manage the business for an agreed-upon time when the business is sold at a prearranged price. ​

Quizplus · Accepted Answer

A phased sale allows the entrepreneur to sell the business gradually, often to a buyer or successor, while potentially remaining involved in its operations or management for a transition period. This setup can include prearranged terms for selling parts of the business over time, allowing the seller to cash out incrementally while ensuring continuity for the business.

In A/an ____, the Entrepreneur Has the Ability to Cash