1. A founder is thinking about retiring and has no children who are interested in taking over the family business, an agricultural products manufacturer with about 100 employees. The business is stable, profitable, and growing at a moderate rate. A team of managers has been assembled who are capable of running the business without the founder’s involvement and employee turnover is low. Which of the following “harvesting strategies” would give the founder a way to fund their retirement while also providing an incentive for managers and employees to continue to grow the business?
A. Sell the business
B. Undertake an IPO
C. Establish an ESOP
D. All of the listed options are equal in their ability to accomplish the founder’s objective
2. When accounts receivable are sold by a company as a means of missing capital it is called?
A. Factoring
B. Trade Credit
C. Financing
D. Leasing
E. ESOP
3. Select four of the following methods and explain how they should be used by your company. Explain the reasoning why they align best with your target segment and product:
A. Public relations
B. Sales promotion
C. Direct marketing
D. Event marketing