Asked by Asive Sibeko on Apr 25, 2024
Verified
Bob Boyd is developing an exit strategy for his sporting goods business, since he plans to retire within the next three years. Bob knows that one of the company's greatest strengths is that there is a core group of motivated employees who have been with the company for years. Based on this information, which exit strategy would be the best option for Bob?
A) sell to a strategic buyer
B) sell to a key employee or group of employees
C) take the company public
D) undertake a planned liquidation
Exit Strategy
A plan developed by a business owner or investor to sell, close, or otherwise exit a financial position in a company.
Sporting Goods
Items and equipment used for participation in sporting activities, including clothing, footwear, and gear like balls, bats, and nets.
Motivated Employees
Workers who are enthusiastic and committed to their tasks, often leading to higher productivity and job satisfaction.
- Identify different exit plans for business proprietors and determine their suitability contingent upon the specific business situation.
Verified Answer
Learning Objectives
- Identify different exit plans for business proprietors and determine their suitability contingent upon the specific business situation.
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