Mark opened a café in his neighborhood. Soon his café became very popular, and his revenues started increasing. Steve, the owner of a popular restaurant, saw Mark's success and asked him to join his restaurant. The financial incentive that Steve offered Mark was more than what he earned at his café. Moreover, Mark would not have to face the daily hassles of managing everything on his own. Mark decided to shut down his café and join the restaurant. This is an example of:

Question

Social Studies

Amari Norman

28 August, 20:15

Mark opened a café in his neighborhood. Soon his café became very popular, and his revenues started increasing. Steve, the owner of a popular restaurant, saw Mark's success and asked him to join his restaurant. The financial incentive that Steve offered Mark was more than what he earned at his café. Moreover, Mark would not have to face the daily hassles of managing everything on his own. Mark decided to shut down his café and join the restaurant. This is an example of:

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Jermaine Roach · Answer 1

Discontinuance.

Explanation:

Mark decided to shut down his café and join Steve's restaurant earning more than the money he earned as his café. This is an example of discontinuance. Discontinuance in small business management is to decide to close the business you are in to go to work with someone else whose proposal looks better. Mark will earn more and will avoid the problems of dealing with the problems of management.