This is an exit strategy when an entrepreneur sells his or her company to its managers.
A) a merger
B) a management buy-out
C) a management takeover
D) employee buy-out

Question

Quizplus · Accepted Answer

A management buy-out is when the current managers of the company purchase the business from the original owner. This allows the current management team to continue running the company and builds upon the knowledge and experience they already have within the organization. It also provides a clear exit strategy for the entrepreneur as they can sell to a team who they trust and who already understand the culture and operations of the business.

This Is an Exit Strategy When an Entrepreneur Sells His