A(n)____________plan determines how the leadership of a family owned business will transition.

Question

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A succession plan specifically focuses on transitioning leadership within a family owned business. A business plan outlines the overall goals and strategies for the business, an operations plan focuses on the day-to-day functions of the business, and a strategic plan outlines how the business will achieve its goals and objectives.

A(n)____________plan Determines How the Leadership of a Family Owned Business