Firms that allow owners to pursue specific lifestyles while being paid for doing what they like to do are referred to as:
A)salary-replacement firms
B)lifestyle firms
C)entrepreneurial ventures
D)rapid-value-creation firms

Question

Quizplus · Accepted Answer

Firms that allow owners to pursue specific lifestyles while being paid for doing what they like to do are known as lifestyle firms. These firms are usually small and cater to the interests or hobbies of the owners. They are often found in industries like arts, crafts, music, and sports. The focus of lifestyle firms is not maximizing profits but rather maximizing the satisfaction of the owners.

Firms That Allow Owners to Pursue Specific Lifestyles While Being