"Exit" refers to the act of leaving or departing from a place or situation. It can be used in various contexts, such as exiting a building, a vehicle, or a conversation. In many cases, an exit is marked by a sign indicating the way out, ensuring safety and ease of navigation. In the context of business, "exit" often describes the process of selling a company or transitioning out of a business venture. This can involve various strategies, such as mergers, acquisitions, or initial public offerings (IPOs). Entrepreneurs often plan their exit strategy to maximize value and ensure a smooth transition.